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Homeowner’s Insurance in TV
Happy New Year!!
My wife and I currently live in Louisiana and we hope to move to TV this year. Last year we paid $5600.00 for Homeowner’s insurance on our 2800 sf home with USAA. This is in addition to the nearly $1000.00 we paid for Flood Insurance. Is this comparable to what people are paying in TV today? I’ve seen a few discussions regarding insurance and finding a broker. Any suggestions for a good broker in the area? Thank you so much. Kirk |
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ALL are great at taking your payments. Paying on claims is a different story. You mention USAA. I believe you buy that from the company direct-not through a broker. We use Villages Insurance-been happy-MOSTLY. We've been in the Villages for like 11 years and had Progressive insurance. Progressive decided they had too much risk in Florida and pulled out-refused to renew a percentage of policies. We lost the lottery and had to find another company. Seems Desantis has forced them to???? We never had a claim. Recent hurricane. New company inspected our roof and it past. We lost roughly 100 pounds of roofing shingles. I picked them up and put them in a box. Did not weigh the box but at least 100 pounds. The adventure.Called the broker got recording-closed due to hurricane call insurance company direct. A pleasant surprise. The insurance company sent an adjuster in a day or two. Behind the adjuster there was a crew covering the roof with tarps. We just had a new roof installed. Cost us our contracted deductible roughly 7500. There is a higher deductible for hurricane damage. WE WON. Companies and numbers game. Floods are not likely in THE VILLAGES. We do not have flood insurance. .Neighbor. Same storm, same insurance company. Water came into their home. That is flood damage and you do not have flood insurance-NOT COVERED. What can I say but HUH. |
I have USAA. I know the insurance rates are higher than others. I have home, life and auto with USAA for 32 years, after trouble with State Farm. Family of 6 with 8 vehicles. Very expensive. But I knew USAA would be there to back me no matter what. When my kids moved out, I told them to compare and make their own decisions, because yes, you can get cheap insurance, but you get what you pay for.
I've never made a homeowner claim and I was sitting like you were asking myself how can I reduce my costs after the move. But when it happens and it will, just like a horrible car wreck, will the insurance company fight with me or try and kick me while I'm already down or will they say we are with you. No I don't work for them and I don't know anybody that does. Over the years teen kids learning to drive in major city traffic.....tickets, wrecks, BS law suits from a bumper tap and all the passengers in the other car start throwing there heads around, screaming that they are gonna sue for neck injuries. USAA was there and never said we are gonna cancel you or we are not paying. They fought some, they paid some over the years, but never fought with me. Rates went up a little, then slowly down, as expected. I guess it's like my life insurance policy. I could get a cheaper rate from another life insurance company. I hope it never happens, but if it does, I know USAA will pay out. After all, you want to pick a company capable of paying out if the big one hits. I think, based on their rating, that if a CAT5 actually hit the village and did devastation, USAA would be one of the two or three still solid and the only one not fighting against the homeowner, but with the homeowner. IMHO. |
To answer your question, less than your Louisiana situation, generically speaking.
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$1400 - 1600 sq ft - Progressive
I had insurance up north for 30 years and never filed a claim although I could have, it is just super disaster insurance to me, otherwise I will not use it, they dig that I think. Not too many lots here require flood insurance, which I did have up north, but do not have or need here. |
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My designer home premium is about 1/3 of your premium, insured with USAA.
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2 yo house 2/14 Home 2900sf, garage 780sf, lanai 480sf, plus pool and cage. All exterior and interior walls are 10’ with 8’ doors
Premium $1075 with $1000. Deductible, renewing 2/14. |
It all depends on the paper.
Unless you compare apples to apples, posting "what I pay" is worthless. Need to get quotes based on your coverage expectations. Average cost from USAA website for Florida: Average home insurance prices by coverage amount Dwelling coverage Annual rate $200,000 $1,450 $350,000 $2,151 $500,000 $2,891 $1 million $5,287 Dec 27, 2024 Average..............some higher, some lower, based on coverage. People can feel good about obtaining cheap insurance, but there is a coverage/risk reason for it..............not because the owner was a great negotiator. |
I paid about $2200 for the year with Edison. They wanted another $1000 for flood insurance, but my house is elevated, and the surrounding area would be flooded before my home would be at risk.
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Just my opinion… 36 year in the insurance claim business! |
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Then chose pool coverage, then again if it’s a sinkhole problem pool comes under sinkhole HO policy. One side of family brokers insurance All 3 quotes, from The Villages (they know exactly the build) and 2 other insurance was within $125.00. It was a welcomed surprise that renewal only went up a few dollars after our Milton claim. Property adjuster went through entire house, attic roof for claim, assessment for renewal was done in person |
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The new company inspected our roof and it was fine. Most recent hurricane blew over 100 pounds of shingles off our home. Most homes are single story-so we have big roofs. New company, it is a numbers game, new company got stuck paying for a new roof less 7-8,000 deductible. An ADVENTURE. Everyone did as per agreement-insurance contract. HUM-Two days if 6-8 guys hammering on your roof. Perhaps, better called a headache than an adventure. |
We are closing on a home near Eastport in about a week. USAA gave us a policy on our 1500 sq ft home of a little over $1,300. It is, of course, true that everyone's situation might be a little different, but our place is brand new so that should give you something to compare your situation to...
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Just received my bill for a 1094 sq ft block courtyard villa. $4127.77!!! No claims. AAA. And yes, that premium in for homeowners only.
Needless to say I am looking for new insurance. |
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1943 sf home, 2 car garage and golf cart garage. 19 foot pool with rather large bird cage. 11 yo old home, original roof. Progressive dropped me last as well as many others. Was paying the $2680. $1000 deductible.
Found Tower Hill. Same coverage. $2363. |
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We pay near $1600.00 per year for single story of 2,284 sq. ft. Roof is less than 1 year old, if that gives you an idea. Be sure to study sink hole coverage thoroughly BEFORE you make any decisions once you get here. Everyone will give you advice, but YOU have to decide on if and what category of sink hole coverage you might want. Make sure you truly understand EXACTLY what terms like "catastrophic" mean, vrs. other categories of coverage. There will be many opinions on here, but we've found no matter what, new roof at our own expense no claims filed, we've had to change companies every few years here due to premium "creep". Just changed again to get it to just under $1600. because company we had for last 4-5 years gradually increased annual premium to $2087.00 ! So, change time again ! When buying here, a good tip is to find some way (it's very difficult, agents generally don't pursue this for clients BEFORE purchase) to check to see if ANYTHING is out of compliance with the deed restrictions and architectural review rules. So many people are caught off guard when they close and THEN find they have to incur significant expense to remove landscaping that does not conform, or find an encroachment that has existed for 10, 15, or more years must be removed (more sq. ft. of rock used for instance, than allowed). |
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Premier home 2800+
Travelers ~$1800 yr new roof |
Those insurance costs and roof replacements are out of this world. We "self-insure." Should something catastrophic happen, we are writing a huge loss off, but we will take the loss. Otherwise relatively minor things that are not catastrophic we will absorb as they arise.
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Our insurance for a Villa just increased $700 to $2500. Most of the $700 was a $550 line item for hurricane insurance.
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Shop. There are 8 new companies writing Florida policies
https://www.oyerinsurance.com/new-ho...es-in-florida/ |
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I just heard someone speaking on the news about how the enormous fire disaster in California will impact insurance rates for everyone in the country eventually. It is a game of numbers and when there is this overwhelming load on insurance companies, they borrow money from their underwriters and those fees are assuredly going up and will trickle down to all of us.
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May I ask you asianthree who you insure under?
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I’d be happy to provide a quote for your home and flood insurance if you choose. Allstate is not writing property insurance however; we have multiple Allstate partners I can provide quotes from. The age of your roof is a huge factor. Allstate is writing flood. Please feel free to contact me 954-437-9220 ext. 308 or email hrichardson4@allstate.com. I’ve helped many people in The Villages secure the proper insurance and save money.
Thank you, Holly Richardson |
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$560 would be nice. |
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