Insurance

[kp11364]

Hi all,

What home insurance companies are left in Florida? Are they writing policies for new owners? Can/will my realtor help out with getting a policy, or should I reach out to an insurance broker directly as I am looking (and if that's the case, any recommendations?)

Thanks!

[asianthree]

Lenders and realtors always have insurance agencies in their contacts

[Babubhat]

Contact villages insurance and State Farm to start.

Property owners in Florida will now have a choice of four new insurers this year after the Orion180 Select Insurance Company and Orion180 Insurance Company were approved Tuesday by the Florida Office of Insurance Regulation (OIR).

They will join Mainsail Insurance Company, which was approved in August, and Tailrow Insurance Company, approved in April.

[kkingston57]

Hi all,

What home insurance companies are left in Florida? Are they writing policies for new owners? Can/will my realtor help out with getting a policy, or should I reach out to an insurance broker directly as I am looking (and if that's the case, any recommendations?)

Thanks!

Go to an independent broker. They represent more than one insurance company. Only time they can not write a policy is during a hurricane watch or warning. Left? Good ? Very few, if any, national carriers.

[frayedends]

Definitely do some checking around. There can be crazy differences. We were looking for our new home that currently requires flood insurance (FEMA maps not updated yet). The Villages Insurance was like $1400 for the house but another $2800 for the flood. :rolleyes:

We went to Kin insurance. They were about $1800 for the home but less than $300 for the flood. I still don't get it, a $2500 difference for the flood quote. Anyhow, Kin has been pretty good customer service as we sign up.

[gatorbill1]

MSN had an article that said 2 new companies are coming to Fl for homeowners insurance

[Topspinmo]

I would get several quotes, my policy up for renewal and only few dollars increase this year. Around 850 for home and 750 for vehicle.

[kkingston57]

MSN had an article that said 2 new companies are coming to Fl for homeowners insurance

Notice that they do not have name recognition. Another fly by night Florida insurance company.

[Babubhat]

Unsupported statement. Name recognition is meaningless. They are often subsidiaries of larger companies.

AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to Mainsail Insurance Company (Mainsail) (headquartered in Bedminster, NJ). The outlook assigned to these Credit Ratings (ratings) is stable.

The ratings reflect Mainsail’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

Mainsail is a newly formed, wholly owned subsidiary of Spinnaker Insurance Company (Spinnaker). The ultimate parent company is Hippo Holdings Inc., which acquired Spinnaker on Aug. 31, 2020. The ratings of Spinnaker are being extended to Mainsail, which plans to write admitted coverages sourced through program administrators and managing general agents. The ratings assigned to Mainsail reflect the existence of a 100% intercompany quota share reinsurance agreement with Spinnaker.

The FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) for the members of Spinna

[Freeda]

We have Kin Ins. Very happy with premium amount and customer service though we have had no claims.

[Sandy and Ed]

Never seem to hear USAA insurance mentioned in any postings about insurance. Why?? Have had it for many years and seems to be competitive

[Suzay]

There's a new company out of Lake Mary called "Open House" give them a call.or theynwill.give you a quote on line .

[hollyrich2]

Hi all,

What home insurance companies are left in Florida? Are they writing policies for new owners? Can/will my realtor help out with getting a policy, or should I reach out to an insurance broker directly as I am looking (and if that's the case, any recommendations?)

Thanks!
I’m an Allstate Agent working remotely. We are not writing any property in FL however; we have several partners I may be able to provide a quote from. Please feel free to call 954-437-9220 ext. 307 or email hrichardson4@allstate.com.

Thank you,
Holly Richardson

[MelanieLuft]

USAA not writing homeowners in FL right now. We have it but my sister who just bought here was not able to get. I was on phone with them yesterday with a question and the lady reconfirmed still not writing in FL but keep checking.

[bowlingal]

flood insurance? not in a flood zone. not necessary.

[Dlbonivich]

I recommend Tim Bascom to all my clients. He is Allstate but is a broker to many companies. He has never failed me yet (352) 753-1177

[MandoMan]

[QUOTE=kp11364;2251319]Hi all,

What home insurance companies are left in Florida? Are they writing policies for new owners? Can/will my realtor help out with getting a policy, or should I reach out to an insurance broker directly as I am looking (and if that's the case, any recommendations?)

Contact Jessica Pendry at
Sarasota Insurance Group Inc 6170 State Road 70 E
Suite 102
Bradenton, FL 34203
(941)400-8104

She’ll find you the best deal she can. I’ve used her with two houses.

[ColtsFan]

We go through the Villages Insurance. They represents several companies and try to find you the best deal. For us, it was Travelers. Very few people in The Villages have flood insurance. Are you sure you want to get it???

[Donaz1]

USAA is expensive. New Hyundai cost me $1180 for 6 months.

[MX rider]

Go to an independent broker. They represent more than one insurance company. Only time they can not write a policy is during a hurricane watch or warning. Left? Good ? Very few, if any, national carriers.

Do this. We used HH Insurance in St Pete and are very happy with our rate.

[JudyMonin]

It true. If you are not in a flood zone you still need it. You don’t need to be by a river or a lake either. If your agent doesn’t recommend it they don’t know about it. It really is a question of need or want.

[virtue51]

Homeowner's insurance does not cover damage if we have heavy rains in a short time frame and water enters the home -- only flood insurance will cover that damage.

[Jdburns11]

USAA is expensive. New Hyundai cost me $1180 for 6 months.

My car insurance (one vehicle 6 yrs the other 10+) from $850 to $1100 to $1,300 to almost $1,800 for the period just renewed. I’ve looked at coverages and deductibles - and I could maybe shave $100-$200 off but the trade offs are somewhat significant.

Other than only doing 1 car which is not practical for us right now, I’ve looked at some other quotes maybe slightly better but not significantly so. Yes, agree getting expensive.

[Jdburns11]

USAA not writing homeowners in FL right now. We have it but my sister who just bought here was not able to get. I was on phone with them yesterday with a question and the lady reconfirmed still not writing in FL but keep checking.

The may not be writing due to Idalia - not sure about new policies but we’ve had ours at somewhat modest increments for the last 2-3 years here.

Respectfully, DB

[Jhrath7@gmail.com]

Yesterday, Gov. DeSantis said three more insurers are coming to Florida, but, didn’t say which ones

[OhioBuckeye]

Well to me Florida is probably 2/3rds to 1/2 surrounded by water where hurricanes thrive & where Ins. companies get a lot of their business. I would say Florida is probably where 95 to 99% of hurricanes starts & when hurricanes tear up Florida every one pays the damages, don’t believe me just wait & see if 90% of Ins. rates go up even if your state never gets any kind of disaster!

[msilagy]

Have Kin - $750 first year then went to $1490 but still cheaper than any other quote I got. 3 bedroom CYV.

[KenLee100]

Hi all,

What home insurance companies are left in Florida? Are they writing policies for new owners? Can/will my realtor help out with getting a policy, or should I reach out to an insurance broker directly as I am looking (and if that's the case, any recommendations?)

Thanks!

We just booked with State Farm at a substantial savings. I heard AAA is good.
K

[Vermilion Villager]

USAA is expensive. New Hyundai cost me $1180 for 6 months.

Reason for that probably has to do more with Hyundai being one of the most stolen cars in America.

[Plinker]

Definitely do some checking around. There can be crazy differences. We were looking for our new home that currently requires flood insurance (FEMA maps not updated yet). The Villages Insurance was like $1400 for the house but another $2800 for the flood. :rolleyes:

We went to Kin insurance. They were about $1800 for the home but less than $300 for the flood. I still don't get it, a $2500 difference for the flood quote. Anyhow, Kin has been pretty good customer service as we sign up.

Please verify, but I believe Kin self-insures their flood protection and is not the same insurance as from the Federal government. Not sure if this is a concern but should be known by the policyholder.

[MidWestIA]

It will get worse now I heard KIN I have USAA but I have ALL my ins with them hope they keep me cuz of that

[Rich42]

People complained about their ins rate increases this year, wait until Hurricane Adalia gets factored in next year!

[dpmers]

some major carriers will not write policies through brokers, my broker suggested I check directly with State Farm, Progressive and Allstate and a couple of others like KIM

[rogerk]

Definitely do some checking around. There can be crazy differences. We were looking for our new home that currently requires flood insurance (FEMA maps not updated yet). The Villages Insurance was like $1400 for the house but another $2800 for the flood. :rolleyes:

We went to Kin insurance. They were about $1800 for the home but less than $300 for the flood. I still don't get it, a $2500 difference for the flood quote. Anyhow, Kin has been pretty good customer service as we sign up.
Check the coverage of both policies. I expect you will see the difference in coverage. Also check on responses to claims!

[bcsnave]

Citizen

required flood insurance

Homeowners with Citizens upset over mandatory flood insurance in non-flood zones (https://www.abcactionnews.com/news/price-of-paradise/homeowners-with-citizens-upset-over-mandatory-flood-insurance-in-non-flood-zones)

Garst said she was dropped from her first insurance company due to an older roof.

Her most recent bill with Security First went from $1,800 last year to $3,900 this year.

“I said that's crazy,” Garst exclaimed.

In September, her insurance agent got some quotes from different companies.

“Edison was over $6,200, Florida Peninsula was $5,000, Citizens at that time was $2,300,” Garst said as she showed ABC Action News the printout.

[Salty Dog]

USAA is expensive. New Hyundai cost me $1180 for 6 months.

My 2022 Hyundai Tuson insured with USAA cost me $660 for 6 months. I got a $177 Earned Safe Driving Discount by using the USAA SafePilot app. The app has saved me over $300 in the past year.

[Larchap49]

Hi all,

What home insurance companies are left in Florida? Are they writing policies for new owners? Can/will my realtor help out with getting a policy, or should I reach out to an insurance broker directly as I am looking (and if that's the case, any recommendations?)

Thanks!

Ahhhhhhhhhhh good luck with that. It was difficult last week but may be impossible now

[Atamasco]

Hi all,

What home insurance companies are left in Florida? Are they writing policies for new owners? Can/will my realtor help out with getting a policy, or should I reach out to an insurance broker directly as I am looking (and if that's the case, any recommendations?)

Thanks!

I use Travelers thru Villages Insurance

[CoachKandSportsguy]

I use Travelers thru Villages Insurance

Great, I guess, kind of lacks any information for consideration.

are they still writing new policies?
How old is your roof?
What type of rate did you get?

<$2K
2k to 3K
> 3K

[donfey]

I would get several quotes, my policy up for renewal and only few dollars increase this year. Around 850 for home and 750 for vehicle.

Please tell me what company and what broker (if you went through one.). PM is OK if you'd rather.

Thanks.

[OhioBuckeye]

Exactly what I was saying, I rest my case!

[ithos]

Florida CFO Jimmy Patronis on Hurricane Idalia and the state's insurance crisis
Access Denied (https://www.cnbc.com/video/2023/08/31/florida-cfo-jimmy-patronis-on-hurricane-idalia-and-the-states-insurance-crisis.html)

According to Florida CFO Jimmy Patronis, there will be several more companies entering the market after the hurricane season in October. May have better rates then if there is no more major storms.

Let's hope with closing loopholes for trial lawyers and more competition, rates will come down.

[Deden]

Call the Allstate down below. I had ASI they upped my Ins. $2000 bucks after 13 years no claims. I have Allstate for car & motorcycles; they went through another company for a lot lower than what I had before ASI.