homeowners insurance

[Tweety Bird]

Hello all. I am moving my friends into TV. We need advice on home owners insurance. Who did you go with ? I need advice.

[Floridagal]

Went to Village Insurance and found them to be very reasonable.

[golfnut]

AAA homeowners and auto....gn

[Tweety Bird]

Thanks, closing tomorrow and need insurance ASAP.

[logdog]

I looked at AAA and found their hurricane and sink hole coverage to be much more expensive and with higher deductibles than the policy that I got from Villages Insurance. Also, many of the national companies won't write in Florida unless you've been with them for a long time. Village Insurance found me home, auto and golf cart coverage at better rates than I had before.

[rubicon]

You can thank governor Scott for this because he gave insurers the opportunity to raise their rates and/or cut coverages from their policies. And it isn't over yet. Premuim increases will continue and /or coverages will be cut

[wendyquat]

We originally went with Villages insurance on the villa for closing but when we needed to insure the vehicles, we went to AAA and took their homeowners in order to get a "bundle rate" for all. Not a lot of difference in homeowners premium or coverage and I think either would be fine. Villages was $50 cheaper on golf cart coverage though so we kept that.

Welcome

[784caroline]

Just remember to compare apples to apples when It comes to Sinkhole coverage. Some policies only offer "Catastrophic Ground Cover Collapse" whereas other will offer "Sink Hole Loss" which is the gradual settlement or weakening of the earth supporting our property. The Catastrophic coverage is the cheaper of the two types of coverage for it will only pay off if your home is condemned or ordered to be vacated by a Govt Agency.

Sink Hole Loss coverage includes Catastrophic ground cover collapse What is more likely to happen in TV is the Gradual settlement of your property which can still cause ALOT of damage to the point of paying the full amount of coverage BUT your house will still not be condemned. As you can imagine, this definitional difference results is major premium differences for both types of coverage

[logdog]

You can thank governor Scott for this because he gave insurers the opportunity to raise their rates and/or cut coverages from their policies. And it isn't over yet. Premuim increases will continue and /or coverages will be cut

We've lived in coastal Florida from 1994 to 2006. Insurance rates started doubling every couple of years because of hurricane claims beginning in the late 1990s. Most insurance companies stopped writing new policies in Florida around that time. One of the pleasant surprises that helped sell us on TV was the low cost of insurance due to the low risk of hurricane damage.