Home-Owners Insurance
 

Can anyone recommend a reasonable Home-Owners Insurance Company? I was with Tower Hill but now I notice they are requesting this year that we (1) in addition to paying our bill "contribute" money to the company in a separate account (2) give "power of attorney" to some financial issue of the company. I have never heard of either of these with any other companies and I can't imagine granting some company power of attorney over any aspect of my life.

I have Progressive with The Villages Insurance. Very reasonable so far.

something fishy
 

I was with Tower Hill also. I received a letter from them in June, indicating they are pulling their homeowners insurance out of Florida at the end of December this year. I had to find another insurance company. The company I went with in September indicated that i should sign up right away, because their company is rationing the number of homeowners policies they can write to 600 for their agency.

I would call Tower directly and see if is legitimate.

Why bother with a company acting like they are doing you a favor? Get other bids. Start with Progressive

I just left Progressive thru the Villages Insurance after many years. No claims ever. My 16 YO 2000 Sq Ft home home went from $1700 in 2019, $2400 in 2020, $2700 in 2021, to over $4000 this year. Couldn't even get to talk with a Village Insurance rep unless I agreed to an appointment a week out. Cut the cord and went to Allstate. Couldn't get State Farm to quote (House roof over 15 years old). Kim wanted to cover with prorated coverage based upon roof age. Travelers not accepting new customers, etc. I was told rates higher due to roof replacements paid out and now higher since my roof over 15 years. Already got to pay for other customers roof but now have to pay for theirs and mine. What a deal.

S

Just keep looking. Received assistance from villages insurance in one day this week,

I switched 3 times in 6 years. Pricing makes no sense

Does it help get a better rate if you have a home and a rental?

The two hurricanes this year will not help insurance rates in Florida. The Governor has called a special legislative session to discuss insurance issues. I think 12 is the number of companies who are already pulling out of Florida. It’s a major problem if you live near the coast. Look for higher rates when you get your next homeowners bill. We are currently with Travelers through Villages Insurance.

I would say no from my experience.

Reasonable in Florida(especially on the coasts) is not in the dictionary. We received the same letter from Tower Hill and opted to stay with them. A lot of posters have said that they can get policies from other companies without problems. Not true for us and good for them. Suggest talking to the agent and have them explain what they asked you to sign. At this stage, be happy that you have not had a premium increase in the 2-3X range. We will all pay for the damages in the Fort Myers area.

Reasonable in Florida started to end in the coastal area of Florida after hurricane Andew in 1992. There are very few actual nationwide insurance companies in Florida.

Problem is, that’s all they do is discuss…………maybe some significant action would help.

Why would they request this if their pulling out of Florida?
We used them for years but last year they went from 1,200 to 1,900:no claims ,went with Farmers .last January. Same coverage was 1,050 this year it will be 1,260 dir to the hurricanes went up 18%.which is fine .everyone will be paying more when its time to renew

My first thought is that this must be a scam, from someone else, NOT Tower Hill.

Regarding the home insurance situation, I’ve been looking at other insurance for our home and getting ridiculous supposedly competitive quotes of over $10,000. And I am right here, NOT in the coast. I was also told that some insurance companies have already reached their quota for Lake/Sumter counties and they’ll try again in January and see if something has changed. The insurance situation in Florida has truly gone crazy.

We tried to get a quote from Progressive in September, they are not writing any new policies in Florida, at least at that time.

Call Farmers Insurance for a quote , not State Farm , Farmers

Insurance
 

Also try AAA on 441. That is their insurance office. Ask for Sandra Siegal. She is great.

We have Progressive thru Villages. Went up $100 this year. Roof 6 years old. We are satisfied so far. Paying about $1,500. No claims to date. Home a little over 2000 sq ft with good size birdcage & pool.

Since roofs last about 12-15 years here, I guess we will find out how unhappy we will be eventually…Have always felt that insurance is a legal, rip off industry. They love to take your $ but not pay out.

I have USAA....very happy with them. (so far) About $1500 for a designer.

Recommend Farmer’s Valentino Agency
 

I switched from Tower Hill when another firm bought them out and tried raising my premium by approximately $470 (to cover costs of the merger?). Recommend Farmer’s Valentino Agency at 15268 Fishhawk Boulevard
Lithia FL 33547
United States. 813-280-5900

We have been with Progressive for almost 7 years, 2600 sf and got a new roof with insurance. Over that time our rates have gone up a total of $112 to approx $1,200 a year. I don't understand all these posts about paying huge premiums. Do the homework and shop the rates.

I also had Tower Hill. With no claims, they increased my bill from about $1k to ober $1,600. I dropped them & went to All State, saving a few hundred dollars! And they were pretty much exact same coverage!

Insurance
 

I use Elly with Triton Insurance and she hooked me up with Nationwide and just received my renewal for a 2000 sq ft house. $1017 for the year. Highly recommend her and her company.

All state
 

I left villages progressive for same reason. I went with all state. Her name is Felicia she is on Main Street in wildwood. A delightful young lady took really good care of us. She bundled every thing. Golf carts cars and house. All three were less than my house insurance with tge other company with the same coverage.

I have owned two homes in Florida totaling 15 years. Your insurance is insanely cheap. I don't know how you fell through the price-increase cracks, but consider yourself extremely lucky. My insurance went up 90% this year with zero claims.

I don't understand why the roof issue in Florida is so hard to address. It's not like liability that could run into the millions. Seems that insurance companies could offer people larger deductibles just for the roof to reduce the insurance cost. It's a more or less fixed cost to replace a roof, and at some point, I'm going to have to replace it anyway. Why not bank the money vs paying it out in insurance premiums for coverage that I might never need to access? Too many people look at their insurance as a maintenance program.

send me your email and I can send you a link to who I used.........cg517@hotmail.com

I use the Allstate thru THE BASCOM AGENY. I have a great deal and little deductible on hurricane insurance in the policy also.

Local agency
 

Abshier Insurance Agency, Call and ask for Tammy, 352-245-2423

either you have a personal home or a rental, its not both.

insuring the house between the two, the roof will make no difference, however, the type of rental may make a difference, ie furnished or not furnished, and long term versus short term.

slumlord guy

Travelers writes a lot of business in this area, not on the coast. Mine costs about a $1000 a year. Get the higher liability limits, $300000 because of all the advertising attorneys we see every night during the news programs. Also a Umbrella limits of $1,000,000 is better still.

Good luck with progressive they just provided me with an $800 increase

Wow. In a way, I hope it goes to $10K, which means that I will be paying nothing.

Has anyone gotten a quote for a fire policy instead of a homeowners policy? A fire policy will cover the house if it burns down but none of the other homeowners risks.

Southern Oaks Insurance....Home - Southern Oak Insurance

I saved a ton with them. Went through Nsure.com

Not many houses burn down in TV. I can think of two in my fifteen years. Maybe I missed a few others. However, lots of other claims such as straight winds, tornado and water. I wouldn’t recommend. But to each his own.

I Agee with you , mine just went up $130 , so I’m at about $1,130.00, someone said $10, 000 , yikes if it ever comes to that in central fl ,the last homeowner leaving Florida should turn out the lights

Since I have no mortgage I found out I can get the home owners policy without wind coverage. The house will be protected in case or fire, theft, lightning and all liabilities stay the same. Got my $7200 quote down to $1100. Anyone here with no wind coverage experience?

See last post.

Wind is the biggest risk in Florida. If a window breaks or roof comes off your house in a storm you will have water damage. At that point you may need to gut the house. Risk reward not worth it.

Frontline and State Farm were reasonable last month

$1200 for me. I am shopping.