Quote:
Originally Posted by sr1436
I just got my homeowner renewal for January and nearly fell over, a 26% premium increase. I have USAA and have been member for 35 years. Called them and they are saying due to across board rate increases. Reviewed my coverages with them and nothing exceptional. 26% increase is crazy.
Anyone else having like rate increases? Recommend other providers?
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You're lucky to even have USAA homeowner's insurance here. You must have had it for quite some time.
USAA hasn't written a new policy in Florida for several years. For our particular area the potential for hurricanes and sinkholes has lead to the USAA decision to control risk by simply not creating exposure by writing new policies. The result seems to be that the limited number of insureds they have here must carry the brunt of any losses the experience here.