Quote:
Originally Posted by twinklesweep
I feel painted into a corner with my homeowners' insurance through AAA South. I've had the same policy for about five years and cannot even consider changing? Why? Because I still have the original sinkhole coverage with a $500 deductible! Once the insurance companies get approval to end grandfathering, as I have no doubt they will, then I'm sure that'll change. Meantime, there is no way I can shop around....
|
Quote:
Originally Posted by GatorFan
There is no such thing as Grandfathering.
|
I spoke to my AAA agent late yesterday, who used the specific term "grandfathering" in reference to my homeowner's coverage. The renewal premium (homeowner's portion) will be $864.39, which includes a $500 deductible for sinkholes and a 2% deductible for hurricanes. I have a combined policy that includes vehicle coverage, and mine is a one-year renewal. My combined premium is actually down (believable?) by a few dollars, no doubt because of taking a defensive driving course. So I dodged the bullet for another year, thanks to grandfathering--but there is still no way I can shop around for new insurance....