Talk of The Villages Florida

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-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Homeowner's Insurance up 56% (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/homeowners-insurance-up-56-326968/)

Arctic Fox 12-04-2021 07:55 AM

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

retiredguy123 12-04-2021 08:05 AM

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

Vikingjunior 12-04-2021 08:10 AM

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

jdulej 12-04-2021 09:08 AM

Quote:

Originally Posted by retiredguy123 (Post 2036462)
I have Progressive through The Villages insurance. No major increases in 6 years.

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

billethkid 12-04-2021 09:14 AM

Quote:

Originally Posted by Vikingjunior (Post 2036463)
There is old saying. "If you can't beat them join them. You should've gotten a free new roof like everyone else.

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

Michael G. 12-04-2021 09:32 AM

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

CWGUY 12-04-2021 09:39 AM

Quote:

Originally Posted by Arctic Fox (Post 2036456)
Cypress Insurance Group has just increased our annual premium by 56%

No claims; roof now one year old

Who do you recommend?

Thank you


Quote:

Originally Posted by Vikingjunior (Post 2036463)
There is old saying. "If you can't beat them join them. You should've gotten a free new roof like everyone else.


Quote:

Originally Posted by billethkid (Post 2036506)
They did...OP states roof one year old!


: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:

nick demis 12-04-2021 11:30 AM

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.

Bogie Shooter 12-04-2021 11:52 AM

Real estate values increasing……insurance to follow.

Arctic Fox 12-04-2021 11:58 AM

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.

Bjeanj 12-04-2021 12:02 PM

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%.

Bjeanj 12-04-2021 12:05 PM

Quote:

Originally Posted by Arctic Fox (Post 2036577)
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.

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 …

Topspinmo 12-04-2021 12:21 PM

Quote:

Originally Posted by billethkid (Post 2036506)
They did...OP states roof one year old!

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

Topspinmo 12-04-2021 12:22 PM

Quote:

Originally Posted by Bogie Shooter (Post 2036574)
Real estate values increasing……insurance to follow.

Along with all the roof scams

justjim 12-04-2021 01:13 PM

Insurance/home values
 
Quote:

Originally Posted by Bjeanj (Post 2036579)
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%.

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:


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