Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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Catching up on Insurance news around the country
State Farm is stopping the sale of new home-insurance policies in California effective Saturday, because of wildfire risk and rapid inflation in construction costs
State Farm Halts Home-Insurance Sales in California - WSJ |
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#2
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Just got our homeowners premium notice. It’s not good news! Eight years ago we moved into our new home in The Villages. Insurance premium was $700.00 today’s premium $1,700. (Numbers rounded of course). Never had a claim. As a matter of fact, don’t know of a claim within blocks of our house. “Something” just does not seem right about this.
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Most people are as happy as they make up their mind to be. Abraham Lincoln |
#3
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Folks in Tallahassee are asleep at the wheel……
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The further a society drifts from truth the more it will hate those who speak it. George Orwell. “Only truth and transparency can guarantee freedom”, John McCain |
#4
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Tallahassee
Bogie, you got that right. Insurance lobby?
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Most people are as happy as they make up their mind to be. Abraham Lincoln |
#5
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Quote:
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#6
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No one believes the truth when the lie is more interesting Berks County Pennsylvania |
#7
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#8
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Which would receive more business from new customers
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#9
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In hurricane alley, it’s profitable with only onezy twoozy claims per 100,000, until the 50,000 per 100,000 with a hurricane
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#10
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that the insurance companies started.
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#11
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$1700 is a good deal.
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#12
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area
Cost is based on payout for the area by the industry hurricanes, some flooding and you can thank all those idiots getting "free" new roofs when they don't need them. Probably can't get it by the coast
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#13
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You pay for all the claims in the US for fires, tornadoes, floods, hurricanes. They don't look at your home insurance and say "oh gosh this guy is good, never had a claim". That's not how it works. Your ins goes up according to market trends in your area. I replaced a roof in Il with insurance. My premium the next year hardly went up. This year it did some.
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#14
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A neighbor in Il is a seasonal occupant of a duplex in Ft Myers. Her home was not damaged by the hurricane but the new insurance is $2500 every 3 months or $10,000 a year! As a side note I doubt the new roofs are a major factor in TV. It's the potential weather risks everywhere.
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#15
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I find it very difficult to believe that insurance companies are losing money on the homeowners insurance policies they sell, especially in The Villages. I would like to see the math.
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Closed Thread |
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