Home Insurance

[rjn5656]

Time to compare some prices. I have Tower Insurance now. Who do you have?

[Babubhat]

Called a few agents for quotes Three months ago. my multiple quotes were all equally offensive with rate increases. You have to hope somebody actually wants to write policies in Florida

[villagetinker]

Try contacting AAA they have access to several insurance companies. We currently have Progressive home and auto, bundled.

[vintageogauge]

We have progressive homeowners and every May I get apples to apples price quotes from at least 3 other carriers and none have ever been close to Progressive's rates.

[retiredguy123]

I have Progressive for homeowners insurance and Allstate for auto. Both companies have had only small annual increases in the past 5 years. I have found that you don't always get the best price by bundling policies. They tend to overstate the actual discount. I once had an agent tell me that their multi-policy discount was 25 percent, but when I did the math, it was less than 5 percent.

[Madelaine Amee]

Time to compare some prices. I have Tower Insurance now. Who do you have?

I have to thank you for starting this thread because we are absolutely fed up with the company AAA are using for us and we need to change. It may cost us more in the long run, hopefully, it will be less stressful than the nazi we have to deal with now.

Any recommendations would be appreciated.

[mtdjed]

I have Progressive and my Policy price for the next year starting 10/27/2021 went up from $1700 to over $2400 for the same coverage I have this year. Exploring other options, I have heard that the reason rates are highly driven by the roofing replacements. Even though I did not get a new roof, I am being charged the pool rate that is being assessed to have insurance companies recover what they gave paid for new roofs.

Checked several companies and find similar raises for equivalent coverages. One way I am told that I can reduce rates is to change to a 2 per cent deductible for hurricane coverage. Even though we usually don't get hurricanes here, the definition (A named storm) qualifies as a hurricane even though the local area is outside of hurricane winds. Thus if we get a small tornado spawned by the named storm, it falls under the hurricane deductible.

[Dana1963]

I have Progressive and my Policy price for the next year starting 10/27/2021 went up from $1700 to over $2400 for the same coverage I have this year. Exploring other options, I have heard that the reason rates are highly driven by the roofing replacements. Even though I did not get a new roof, I am being charged the pool rate that is being assessed to have insurance companies recover what they gave paid for new roofs.

Checked several companies and find similar raises for equivalent coverages. One way I am told that I can reduce rates is to change to a 2 per cent deductible for hurricane coverage. Even though we usually don't get hurricanes here, the definition (A named storm) qualifies as a hurricane even though the local area is outside of hurricane winds. Thus if we get a small tornado spawned by the named storm, it falls under the hurricane deductible.
Everyone in Florida gets a 2% deductible when it's a named HURRICANE storm otherwise it's $500 or $1000 deductible.

[Pettys1]

My brother is trying to close on his manufactured home an they can't get there loan unless they find insurance that is reasonable. I don't think $4300 is price gouging . The mortgage company said they have never heard of a price like that in 20 plus years. Any suggestions is greatly appreciated

[EdFNJ]

My brother is trying to close on his manufactured home an they can't get there loan unless they find insurance that is reasonable. I don't think $4300 is price gouging . The mortgage company said they have never heard of a price like that in 20 plus years. Any suggestions is greatly appreciated Good luck. Manufactured homes are difficult particularly older ones. YIKES! $4300 for homeowners is obscene for a home that size (we pay $800/yr for full coverage, including sinkhole on a 2/2 Colony 12yrs old with 6 yr old roof). When we were looking for a home here 3 years ago we checked out a few manu homes as we REALLY liked the area and were warned about insurance costs. Taking that yearly cost into consideration might make one look elsewhere where it is cheaper.

Generally speaking just tossing out insurance prices is really meaningless because there are so many variables from home to home. Only answer is to keep comparing. You can always cancel a policy with very little penalty when you are under less pressure and find a better deal.

[Garywt]

We have Tower as well through The Village Insurance. Not looking for anyone else.

[Ben Franklin]

State Farm bundled with car & golf cart. They took a 10% incerease this year.

[edd.wade]

Farm Bureau, Main Street wildwood

[nob77@comcast.net]

Time to compare some prices. I have Tower Insurance now. Who do you have?

Received a quote from kin.com. Seemed reasonable. Looking for someone who has any knowledge of them. They write policies in FL,CA,LA

[Rock68]

My suggestion is to use a broker for the best prices. I use All-In-One located near Best Buy. I had Progressive for my car. They wanted to increase by 16%. I called All-In-One, and they found me Travelers for less than I was paying the previous year.

[Joyce952]

State farm

[NoMo50]

Your best bet is to get quotes from a broker...i.e., someone who can quote rates from multiple insurance carriers. A captive agent (State Farm, Allstate, etc.) can generally only write policies from their company. There are way too many variables involved, making generic comparisons of what you pay versus the guy across town meaningless. Keep in mind that a fairly significant factor in rating an insurance policy is your FICO score. While it may not seem fair, the fact remains that your credit score has a lot to do with what you pay for insurance.

[Luggage]

Kin is a broker .

[Southw2]

I had Tower hill also and this years rate went up $600, I checked out Farmers Insurance and if i bundle my auto insurance with my house it was almost half the price on my house insurance with only $500 deductible including hurricane coverage instead of 2 %.
The auto insurance was the same amount tho which came out to the same as progressive which i had covering my 2 cars.
Try Farmers combining insurance you will be surprized at the savings !!!!!

[Accidental1]

Time to compare some prices. I have Tower Insurance now. Who do you have?

We just bought new this year and use State Farm (and have for decades). Homeowners premium is currently $1299/yr. Golf cart is $177/yr.

[Travelhunter123]

I use Allstate for homeowners, they have better sinkhole coverage
Same as your HO deductible

[kappy]

We had AAA for several years after moving to TV. When they raised our homeowners, we called Southern Insurance Group in Clermont and got a much better rate. A year later when our auto rate was raised, we again got a better rate from Garrett Johnson at Southern. Been with them for more than 6 years.

[KRMACK55]

Time to compare some prices. I have Tower Insurance now. Who do you have?
The sales person suggested villages own broker. I bought house a mossy oak in 2019 my insurance was 420-/yr from ASI/Progressive. When o sold the house in 2021 it was 440//yr.
the key is to call direct AND set your own limits on contents to 30% of house value. Stay away from village stuff

[KRMACK55]

I have Progressive and my Policy price for the next year starting 10/27/2021 went up from $1700 to over $2400 for the same coverage I have this year. Exploring other options, I have heard that the reason rates are highly driven by the roofing replacements. Even though I did not get a new roof, I am being charged the pool rate that is being assessed to have insurance companies recover what they gave paid for new roofs.

Checked several companies and find similar raises for equivalent coverages. One way I am told that I can reduce rates is to change to a 2 per cent deductible for hurricane coverage. Even though we usually don't get hurricanes here, the definition (A named storm) qualifies as a hurricane even though the local area is outside of hurricane winds. Thus if we get a small tornado spawned by the named storm, it falls under the hurricane deductible.
If you’re paying that much it must be a million dollar place. That’s nuts. House not ville worth 400,000 got progressive gor 440-/ the key is the padded ons
The contents coverage should be no more than 30% of house value - lose the replacement cost because it’s NEVER replaced to make you whole

[MrFlorida]

Kin is a broker .


Kin is not a broker, Google them.

[Larchap49]

Time to compare some prices. I have Tower Insurance now. Who do you have?

I also have Tower Hill Ins. Has been the best deal for the last ten years. In FL for about 50 years and AAA rated

[Jayhawk]

My brother is trying to close on his manufactured home an they can't get there loan unless they find insurance that is reasonable. I don't think $4300 is price gouging . The mortgage company said they have never heard of a price like that in 20 plus years. Any suggestions is greatly appreciated


Mobile Home Insurance | Manufactured Home | Foremost Insurance Group (https://www.foremost.com/products/mobile-home/)

[bob47]

With auto insurance, a lot of companies, even Allstate, only offer 6 month policies. What are the downsides to a 6 month policy (vs. 12 month) besides having to deal with renewals twice as often?

We have always had 12 month policies.

[rockyhyder]

AAA but would definitely price Farmers

[PJackpot]

Time to compare some prices. I have Tower Insurance now. Who do you have?
Southern Oak thru Nsure.com.

[lsauls7537]

Time to compare some prices. I have Tower Insurance now. Who do you have?

Try kin insurance. We have saved a lot of money on our home insurance. They are A + with BBB, but they don't insure everyone. You will need a roof inspection and wind mit.

They are not a brick and mortar store, so some may not be comfortable with that situation.

[Snowbug]

Time to compare some prices. I have Tower Insurance now. Who do you have?
We went with Nathan Thomas State Farm in Wildwood for everything.

[ken.yotz]

Got an email from Progressive to pay my renewal (2 months ahead of time). Very unprofessional and my rate increased by 25%. Couldn't reply to the email and my Fruitland Park broker has not returned my call in 3 days. Getting other quotes so everyone's input is appreciated.

[Laurel Maryland]

Time to compare some prices. I have Tower Insurance now. Who do you have?
Has anyone ever purchased their homeowner's insurance thru Costco? I keep getting ads from them (as part of my membership, I presume). I was wondering if anyone has ever gotten a quote from them and/or insured with them? If so, how did it go?

[Babubhat]

Read the fine print on progressive. They offer a one time discount to make their policy look less expensive and suck you in. Then the price goes up

[Madelaine Amee]

This thread has led me into getting a lot of knowledge of Florida home insurance, and none of it is good.

Quote: Florida home insurance has completely changed this year, anything you thought you knew is probably not in effect this year.

The insurance companies do not want to insure roofs under 10 years old and if you have already had a claim on a roof that is the death of your insurance unless you want to put on a new roof. I guess it's time to call Scotts Roofing company. :super:

[dpmers]

I have Frontline Ins in Lake Mary, $826 yr for a 2021 sq ft Lantana. Had Tower Hill, they had a large increase, had American Integrity, ended up in a lawsuit, and won.

[Velvet]

Since I had to make a claim on my roof I guess I’ll be looking for new insurance, soon too if Harbor Coastal decides to punish me. What interests me, beside the cost of the premium, is how is the insurance company about paying out claims? Not all of them pay out easily or at all, from what I hear.

[Poodlewacky]

Time to compare some prices. I have Tower Insurance now. Who do you have?

I have had Tower Hill Insurance since I bought my home in January 2018. I just received a letter from them to notify me that they will not renew my insurance! The reason: Reduction of Hurricane Exposure.

I have never filed a claim! I pay my premium annually. My insurance premium increased about $590.00 or a 28% increase in 2021.I suggest you stay will your current insurer. I am having a very difficult time getting insurance coverage on my home because the roof is more than 10 years old.

Tower Hill is a Florida company doing business in Florida.I plan to contact the Florida Insurance Commissioner to voice my anger, concern and disappointment with this company. I believe all the roofing claim scams in The Villages over the last years have created this problem. Those of us who did not participate in these claims are now subsidizing and or paying the price for these roof replacements!

Shop around for other insurance coverage. You may be better off staying with Tower Hill....until they send you a nonrenewal letter.





ast year

[golfnut]

Received a quote from kin.com. Seemed reasonable. Looking for someone who has any knowledge of them. They write policies in FL,CA,LA

We use Kin they are reasonable and easy to get ahold of and work with. I recommend them.

[jbartle1]

I have Frontline Ins in Lake Mary, $826 yr for a 2021 sq ft Lantana. Had Tower Hill, they had a large increase, had American Integrity, ended up in a lawsuit, and won.

May I ask. What your deductible would be, do you have sinkhole coverage, and who is your agent. I see that the villages insurance on Wedgewood lane, has Frontline insurance.

[EdFNJ]

Since I had to make a claim on my roof I guess I’ll be looking for new insurance, soon too if Harbor Coastal decides to punish me. What interests me, beside the cost of the premium, is how is the insurance company about paying out claims? Not all of them pay out easily or at all, from what I hear. You can run but you can't hide! :) If you make a claim with one company EVERY company knows about it and it affects everything you do with any type of insurance. You MIGHT get lucky for 1 renewal until it catches up with you on their records. Just like your credit score it affects everything. You can get a FREE copy of everything they have on you from LEXISNEXIS (and it's a LOT). Mine was about 200 pages! They had home, auto and credit details listed going back forever. That's why you can't lie to your auto insurance company when they ask "when was your last accident." :)

LexisNexis® Risk Solutions maintains information on insurance claims histories and has designed an easy process for consumers to request their free file disclosure.
Order Your Report Online - LexisNexis Risk Solutions Consumer Disclosure (https://consumer.risk.lexisnexis.com/request)

It's worth requesting a copy just to see what they have. It's free like your credit reports.