Homeowners Insurance
 

With all the concern over homeowners insurance I wanted to see if anyone has used Loggerhead Insurance and what the experience has been. Positive or negative.
I called Villages Insurance who has handled my coverages for years and they said they would call me back at the end of October. Seriously???????

Going on our 2nd year. Great service!

I have travelers through the villages. Got my new premium notice and it actually went down $70.00 to $1130.00. I have an 1150 sq ft ranch. New furnace 2019 and roof 2020. Have 2% hurricane coverage and 10% sink hole.

Loggerhead is picking up Progressive non renewals and some Citizens policies. Only founded in 2022. Financial Stability Rating® of “A” (Exceptional) from Demotech, Inc.

AM Best is the premier rating agency. Loggerhead has no rating from AM Best.
Harvard Study Again Stirs the Pot on Demotech Ratings of Florida Carriers.

What claims have you had??

What coverage and exclusions do you have??

Person will never no if service is good till a person has a claim

If you have a financial advisor, they should have access to AM Best, a company that rates insurance carriers, then you can check through your advisor. IMHO, I would tend to be wary of a new company.

Seriously??? Give them a break! I'm sure they are overwhelmed with hurricane claims.

They don't handle claims. They are primarily brokers for multiple carriers who actually insure their clients and handle claims.

While I do currently have a roof damage claim in the works with $500 deductiable, my insurance company just send me a notification that my new deductiable for hurricane damage will be 2% of house value or for me around $8,000. I would like to have my whole roof replaced as it has a lot of huricane damage. A new roof might save both of use some money in the future. Several years ago, I paid for the roof repair as the damage from that huricane was not as extensive as this new damage. I don't trust the build quality of this roof on the house that I purchased new in 2014.

Slide is to Farmers as Loggerhead is to Progressive, offering to insure customers who got dumped by the big national insurer. Slide sent us a renewal quote that is about 150% above our current Farmers premium. They are also rated by Demotech, but not AM best. I am very familiar with AM Best, but not Demotech. It reminds me of before the housing market crash, when issuers of securities backed by subprime mortgages would ratings shop between Moody’s, Standard and Poor’s, and Fitch. We all learned how that turned out! Our insurance agent (Formerly a Farmers agent) instructed us to run away from Slide.

That lack of service is exactly why I and many have left The Villages Insurance.
Moved to a different insurance broker and they operate like true professionals.

My auto/umbrella underwriter - Connect by Amfam through Costco - requires my homeowners insurance underwriter to be AM Best A or they will not write the umbrella policy. Something to consider or ask about.