Quote:
Originally Posted by golfing eagles
After 10 years, Progressive just cancelled my HO policy along with 5,000 others in TV alone. No reason other than "reducing their hurricane exposure", which is ironic considering that TV is the place they send evacuees from the coast.
Had a meeting with my agent and here are some FACTS, as opposed to TOTV rumor, that I didn't know:
NO ONE has had their homeowners cancelled because their roof was approaching 15 years old or even much older. However, if you change insurance and your roof is 15+ years old, you may have to replace it to get new coverage.
Also, claims history has nothing to do with which policies Progressive is cancelling---it is sort of a random program---many on my street have been cancelled with no claim history---others with roofing issues after Irma have not been cancelled. Go figure.
I would venture to guess this is the brainchild of some actuary at the insurance company---which explains why he isn't a rocket scientist
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We moved to another house within the same Village 4 months ago...house not 4 years old yet. We had been with Progressive on our initial home here, as well as our previous home in the Midwest. Progressive would not write the policy on our "new" home, basically saying what you said. In fact, our agent at Villages Insurance told me that Progressive was initiating its departure from Florida...at least in the homeowners market.