Talk of The Villages Florida - View Single Post - Home Owners Insurance Rates
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Old 06-19-2011, 01:19 PM
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Default Forget about rationalizing as the greedy Insurers are at it again

I am furious. Last year my rates went up an additional $800. so I dropped dwelling coverages and did a hefty increase for my hurricane and general deductible . It brought down the rates to just about what I had previously paid. Now my annual renewal shows up and the rate went up an additional $750. i called State Farm and they claim that the hurrican exposure is equal to that of the coast. i explained that we had a weather guy visit our state club a few years back and he made it clear that a hurricane coming inland was negiligble. He stated if you weather was a big factor when considering a move central florida was a good choice.

So it means that in one year State Farm increased my premuim some $1,500. I carry all my insurance with them and have high liability limits and high deductibles on all of my policies, including my golf cart insurance. This is just outrageous I have a designer approx 3200sf. There is just no justification for these hikes.

I suspect State Farm threatened the Insurance Department that they would pull out if they did not get their way.

State Farm is forcing inlanders to pick up the cost of those multi-million dollar homes being built along the coast. I suspect it is so because the people living in those homes have more power and better connections than people in TV. I beginning to believe that I can't afford to live here anymore.

I do intend to writ the Insurance Dept and I do expect the Insurance Dept will ignore my letter