Homeowner's Insurance up 56%
 

Cypress Insurance Group has just increased our annual premium by 56%

No claims; roof now one year old

Who do you recommend?

Thank you

I have Progressive through The Villages insurance. No major increases in 6 years.

There is old saying. "If you can't beat them join them. You should've gotten a free new roof like everyone else.

I'll second the vote for Progressive. But, also shop around a bit.

They did...OP states roof one year old!

Hello......One year roof......56% premium increase
You welcome

:mornincoffee: Have another coffee...... No claims and a new roof suggests to me they PAID for it..... a lot of us paid for roofs and got rates hikes to pay for the free ones! :ohdear:

State Farm on Warm Springs Rd. We bundled our home, car and golf cart. Spend a couple of hours for the driving course (at home on line) and get a good discount.

Real estate values increasing……insurance to follow.

Thank you for the leads, good people

Have asked current broker to come up with other quotes - you would think that would be part of their job anyway, but I guess if they're receiving a percentage as commission then the higher the premium the more they like it.

Have Villages Insurance “shop” your HO coverage. Also, as someone else suggested, check with State Farm. Ask if there are discounts for bundling your home, auto, and golf cart coverages, and if so, get quotes for all. As BogieShooter mentioned, home values are also increasing, which will increase premiums, but certainly not by 56%.

I would take issue with your comment about commission. Agents have hundreds, if not more, clients’ policies renewing each month. It’s pretty difficult to review each one; it’s probably more a case of the squeaky wheel …

All insurance quotes are up and it due to all scam roof replacements

Along with all the roof scams

Insurance/home values
 

If your home value went up 30%, (about average in TV last year) it should increase your taxes by a larger percentage than your insurance. OP, I would definitely be “shopping” for a better deal on my homeowners insurance. :boxing2:

First rule of procurement. Get many quotes.

Does Progressive do sink hole coverage now??

Our homeowners increased by $1800. We called Kin, recommendations from 6 friends. Not loyal to any insurance, so if I am not happy at renewal, will review what’s available

FREE or PAID FOR new roof?

Homeowners like it when the value of their house goes up. But the opposite side of the formula is home insurance and property taxes also rise with assessment values.

Is homeowner’s premium a product of house value or replacement cost? Inflation and supply chain issues caused the cost to replace the home much more expensive.

Every other place I’ve been, it’s been a product of replacement cost. Here, it seems to be home value.

I called my insurance agent about calculating replacement cost on our home, and was told that the insurance policy value is for both home and any other structures on our property. As you know, we’re not allowed that here, so that value is added to the value shown for the home. So apparently there’s some “wiggle room” for what we would get if our home was destroyed.

Skeptical, but that’s what I was told.

Yes. They did it for us, when we settled, back in February...

Try KIN Insurance. They saved me over $1.000

clovered.com is all you need to have the best Florida home insurance quote.

Farmer’s

I have to different with you on whether or not the insurance agent has time for just your policy. Is something called computers today and it's really automatic to be able to shop for new policy quotes. If the agent isn't willing to do it they're not worth their salt They get a nice percentage every year for very little work

The house could be one year old too. Just saying

I’m on 3rd policy in 5 years - they give good price when you sign up but the second year they bonk you over the head even with no submitted claims…I’m current with farmers….

Yes.

Progressive
 

They did provide a better rate than my current insurer, however, on the sinkhole rider their deductible was 10% of dwelling (which I'm told is fairly normal) while mine with Castle Key is $2,500. Our increase was substantial as well but we're hoping that's temporary due to the supply chain mess (building supplies like lumber in particular) Washington doesn't know how to fix.

Call Elly at Trident Insurance 954-773-9434.
Independent agency. Has saved me hundreds over State Farm and Geico.

Go with Kin, great rates, all of our neighbors use them.

we went to Kin after being with Villages Insurance agency companies for 10 years - get better customer service without local agent, and better prices for insurance. I now have flood insurance added to policy and paying less total for year than before I switched.

Progressive would not give me sink hole coverage - said had to have a home where no sink holes were within 5 miles. Hard to do in most areas of TV

I had my 21 year old roof replaced by my insurance company more than a year ago and my insurance premium this year went up $24 without any coverage change.

Insurance companies are much smarter than the scam roofers.
If your roof was damaged by a storm, your insurance company will repair it or replace it.

Skip

Thanks for comments about Kin Insurance, it's so new we were not sure of its financial backing. Good first year rate but do they then increase second and third year rates without claims?

Home Owners Insurance
 

I had a similar experience with a different insurer that indicated they would not renew my HO insurance due to the condition of my 12 year old roof. I contacted my agent and got the decision reversed but "saw the writing on the wall". I shopped around and am finding that insurance companies in FL are reluctant to write on homes with "old" roofs (I had my roof inspected and it is fine).
I went with AAA (after trying other companies). I did get some discount being a AAA member and I did convert my auto policy to AAA too in order to get the bundle discount. I saved money on both policies going with AAA. I also switched my liability umbrella policy to AAA also and saved a little money.
After the policy was in force, they did sent someone out to take pictures of the roof but I never heard anything from that.

We are on our first year with Kin. Even if my rates double next year, it’s still $998 less than any other insurance.

Second year with Kin, my insurance went up $82.00.