Home Insurance
 

Have just renewed with Farmers for $970 - last year it was $1,060 - so happy with that.

Have been told, however, that they won't be renewing Florida policies next year.

Nice!


What year was the home constructed?

Farmers is pulling out of Florida, so this will be the last year with them. We have Farmers as well and just renewed for the last time. By law, they have to send out a 120 day notice of non renewal before dropping you. Our agent told us the non renewal letters were sent out recently and anyone whose policy renews starting February 2024 is out of luck. Their pulling out of Florida is going to leave a huge void and most likely drive up premiums for the remaining insurance providers since it will be more difficult to diversify their overall book of business’s risk profile.

1998 - newish roof, but some original appliances (water heater, HVAC)

Lucky. Just renewed with Progressive/ASI. Last year $1,521, this year $2001

My farmers car insurance went up over 50%. And it’s a group policy through my union

Well, there seems to be one company bright enough to make some money on the Florida insurance debacle.

When I switched to State Farm this year, I was able to double my liability coverage on my home and vehicles, and add a million dollar umbrella policy on my rental (even though they don't even directly insure seasonal rentals), for less than I was paying with USAA.

I asked the agent how they are able to do this when everyone else is pulling out, from all those freakish Florida hurricanes that never happened before, and he told me it was because State Farm has never offered coverage in high-risk coastal areas, and they only sell insurance to people with excellent insurance histories, who don't steal roofs.

Doh! Why didn't anyone else think of that? I guess someone at State Farm must own a map, and discovered that The Villages is 80 miles from the ocean and not a suburb of Tampa!

I’m currently with farmers and expecting a renewal notice sometime in November.
Hope I’m offered a deal like you! 🤞

All the bad insurance now that have really raised our homes. And, they do the same for your auto. Just wait, there is almost identical to the home and auto

Farmers dropped us ..
 

Our homeowners policy was to renew in April and we received the drop notice two days ago. We had two good years of low rates (after paying $250 for qualifying inspections in 2022) so guess we came out ahead for a while.

I just had St. Farm do a quote on our home. They were 20 percent higher than our Travelers. We have a 2005 home with newer roof, and they wanted our business.

If anyone wants a quote, I’ll be happy to provide one. I’m an Allstate agent working remote. Allstate is not writing property however; we have several partners I can provide a quote from. Please feel free to call 954-437-9220 ext. 308 or email hrichardson4@allstate.com. I’ve helped several people in The Villages.

Surprised Beat USAA
 

When I checked Farmers couldn't even come close to USAA's rate. We have 2 homes, 2 autos, personal property and umbrella through them. Oh yeah, cart insurance through USAA third party insurer. Also, get premium rebates twice a year.

Did you bundle all insurance? Use an auto pay option? Two great ways to reduce overall insurance costs. Usually works with any company. Benefit is the policies work together.

Farmers sent me a letter advising they will not renew next year. Their agent now is representing other companies and told me I will need to buy some sort of inspection of the roof, HVAC, & plumbing.

I got online quotes from KIN and all were higher in price, with much less personal property coverage and much higher building replacement coverage.

It would seem to me that a mutual insurance company limiting its coverage area to the Villages, considering the good civil engineering and building standards used to construct this place, could offer appropriate coverage for much lower prices.

Never say never
 

The Villages is 80 miles from the ocean and not a suburb of Tampa!

Never say never, we are 80+ miles from the coast in NC and Hurricane Irene took our roof and several other damages to outbuildings. $28K claim for all the damages. I thought we were safe too. Maybe it's that "Bubble" thing that protects The Villages.