Is it possible to get Homeowners Insurance at the Villages?
 

I heard Farmers pulling out of homeowners insurance market. I checked Allstate and Progressive -- neither are writing new policies in the Villages. The one quote I got was double what I was paying in California for a much nicer house but in an area prone to earthquakes, wildfires, mudslides, and lots of crime. I always viewed TV as a safe place to live. What's going on at the Villages with regard to homeowners insurance? Is it really a gamble to self-insure when 3 years of premiums would pay for a new roof?

State Farm. Frontline. Heritage

1) My premium X 3 will not pay for a new roof.

2) My policy covers more than a roof..............so I don't understand the statement/question.

:ohdear::ohdear:

Are you sure about Progressive? How old is house?

Are you sure about Allstate?

I also would double-check Progressive, they are still writing new policieslast I heard, unless they have “underwritten” your property for some reason.

. I think you are asking what will happen if you do not buy homeowners insurance. In three years time, you will save enough money to purchase a new roof. True, maybe not. It is a risk you are willing to take. Sometimes you will win and sometimes Damn! Didn't see that coming!

Right now, the ocean is hotter than it has ever been due to this heat wave. Meteorologists have said if a storm forms, Florida is prime for a giant hit. Are you willing to bet this information is incorrect? I have lived in Florida since the eighties. Hurricane Jeanne (I believe that was the name) was as large as the state of Florida. And, it was the fourth or fifth to hit Florida in consecutive weeks. Beware warm waters!

How old is your roof?

I went to the Progressive website and put in my information. They said they are not quoting new policies based on my address (I'm in Monarch Grove). The agent at Villages Insurance confirmed that.

State Farm will not write a policy if in Sumter County and home was built before 2004 - per Connie Wise - tried to bundle with my car insurance and told no way Jose.

From what I understand, roof repairs from high winds, storms, hurricanes...seem to be the most common insurance claim, which is why I mentioned it. You didn't say what your premium is. My quote was nearly $3,000/yr. The deductible plus 3 years of those premiums will buy a lot of roof!

My premium, with Progressive, on 2 YO Veranda, (2,000 sq ft) is around 1,650 per year.

Call HH Insurance in St Pete. They were good to us. House built in 09 with original roof.
Get Instant Quotes on Florida Insurance | HH Insurance

There is a video going on YouTube that shows the afterwards of a hurricane. They say that homeowner’s insurance doesn’t cover everything, including the tear down/throw away of the house. Is this true? Seems to me you could buy insurance for this.

You need to contact an broker and let them find you insurance. Don't try this on your own. Florida has major insurance issues.

All insurance is not the same… Like everything you get what you pay for. You can pay for basic insurance or yes, you pay for additional, such as tearing down and removing the debris, loss of use, replacement of items at current value, etc., etc. as a survivor of hurricane Michael… I have learned a lot about insurance. All those little extras that help if you’re hit by a hurricane… Cost. But well worth it. Remember you get what you pay for.

This seems odd.

Do you reside in your Monarch Grove home or is it an investment property that you rent out?

Did the agent at Villages Insurance also tell you they could not find any carrier to insure your home?

Did the agent say why the carrier(s) would not insure the home?

Homeowners Ins
 

Good question: Try Kin Insurance. They have a nice interactive online site that lets you choose your options and/or adjust them. Probably looking at $2000 - $3000 unfortunately, but it is available! Pray Florida doesn’t get hit this year because more companies will likely depart Florida!

It is possible to obtain homeowner insurance depending upon the age of your home and roof and claims history. I’m an Allstate agent working from home in The Villages. We are not writing property at this time however; we have Allstate partners I may be able to provide a quote from. Please feel free to contact me for a quote 954-437-9220 ext. 308 or hrichardson4@allstate.com. I’ve helped many people in The Villages.

Best answer to your inquiry is to check with an independent agent. They represent several insurance companies(and getting lesser). Must have high premium. It would take us ten years of premiums to = cost of a roof. Remember insurance covers your house and not just your roof. Most insurance claims are from water and water will not damage a roof.

Your math is wrong. And there are other things such as total loss of your house

a/k/a fraud.

USAA if you are a vet. They have been very good to me.

This is odd… we came from CA too, and paid more for insurance there than we do here. We’re south of 44 in a new home in DeLuna. We pay less than $1000 annually for the largest Veranda Model, 2300 sq ft. Our agent is Kelly Matz with State Farm on Warm Springs, and she also lives in DeLuna. We bundle home, car, and golf cart. We did choose a higher deductible to assume some of the risk. Give her a call.
1 (352) 661-3456

I think you are on to something. We bought our 2005 home last fall. State Farm mentioned a change in building codes in 2004 that helps with storm resistance so that's who we have. I suppose that mostly means hurricane straps on the roof trusses. I wonder what it would take to retrofit older homes.

In my case it would have been true. The premium from Progressive this past February was $6600 for the year ... triple that is $19,800, so the statement is true. We switched to State Farm and bundled for $2100 for the year.

But not true today. :wave:

For reference, in Galveston I pay $6,500/yr for insurance, and another $11,000/yr for property taxes on an appraised value of $536K. So, $17.5K/yr before I walk in the door. Going up every year. TV looks pretty good.

This is an interesting article that might help explain…… No direct hits occurred in Florida over the past three hurricane seasons (2019-2021). Florida, however, is the site of 79 percent of all homeowners insurance lawsuits over claims filed nationwide while Florida’s insurers receive only 9 percent of all U.S. homeowners insurance claims, according to the Florida governor’s Office. To illustrate how lawsuits have weighed on insurer operating costs, JD Supra, citing the Florida Office of Insurance Regulation (OIR), reported $51 billion was paid out by Florida insurers over a 10-year period and 71 percent of the $51 billion went to attorneys’ fees and public adjusters. The 2020 and 2021 cumulative net underwriting losses for Florida’s homeowners insurers totaled more than $1 billion each year.

Entire link Florida's insurance crisis worsens as Farmers pulls out. What to know

Sometimes when damage is extensive, FEMA will hire contractors to remove debris in certain neighborhoods at Federal Government expense.

my policy in Citrus Grove, on the golf course, is renewed by Progressive at a 100% increase, and also got quote from State Farm in the Villages.... no problem, just expensive.

Caple Howden Insurance Agency is your best source (407)6578808. Or call others and get higher rates first. Up to you. My policy is 2 months old. 1100 per year. 2300 sq ft home. No pool. No birdcage. No trampoline. No solar panels. New roof. If you have any of those issues it will be more money.

This company has been advertising heavily on the radio (I listen to sports talk in the mornings on the Audicy app) where they are advertising affordable insurance specifically in Florida. Click the link and it takes 40 seconds to get a quote.

I just got a quote for 1,602.99/ yr but I recently renewed my old insurance for $2300 which has flooding and sink holes. I would have to chase my old ins. company down for the refund which I don't want to do.

Build-Your-Own Home Insurance | OpenHouse Home Insurance

STATE FARM is also GONE

yup

YUP correct

I have KIN now and never saw that link...........can you share it?

Nathan Thomas State Farm in Wildwood on 301.

All state and State Farm are not writing new policies 😣

Allstate will not write new policies for homes built before 2011. Held a progressive policy for years with a 3 year old roof and no claims they tripled our premium.