Home Owners Insurance Rates
 

I recently read that insurance companies in Florida are going to readjust rates on homes inland to be comparable to the rates that they charge to coastal properties. It's based on the assumption that the risk from hurricane damage is higher inland than they previously thought. As someone who is considering moving to central Florida (The Villages) in the future I was wondering what the approximate yearly rate for homeowners insurance is for a $200,000 home in TV.

I can't answer for a $200,000 home but we have a home down here that was similarly priced to our home in Columbus Ohio and our homeowners insurance which I just paid today was less than in Columbus.

Storms could topple Citizens insurance
 

Storms could topple Citizens insurance
http://www.news-journalonline.com/op...insurance.html

State Farm's rates headed up
 

State Farm's rates headed up -- way up for some
http://www.orlandosentinel.com/busin...,7309055.story

Florida's sinkhole shakedown
 

Rates
 

Don't know what will happen next month but we just got a quote on a $200,000 villa today for $742 a year. Much lower than we were paying in NC! That's from The Villages Ins.

Our insurance is the same as mentioned above: $200,000 around $775. Our previous home was within one mile of the gulf in North Naples, Fl, and with the three insurances (home, wind and flood), our premiumn was $3600.00, for a $225,000 home. We did not insure the land, just the house. Sure hope that we do not have to pay coastal rate in TV!

I read the article and this isn't a proposal to raise rates. It's a study and it's data will be used to calculate rates. The new rates would still need to be established and then pass muster with the state insurance commission. My take on it is that, yes, rates will rise for inland locations but will still not be near coastal rates. They just said that the risk is underestimated inland. It was the writer of the article who used the phrase "same premium pain". And remember this was a commentary piece in the Orlando paper.

http://www.orlandosentinel.com/news/...6936289.column

Insurance premium woes have been much on my mind, because we just got the bill for our annual renewal and were dismayed to find it had gone up $249! The part of the premium charged for hurricane protection did not increase. The biggest increase was for sinkhole coverage, which went from $179 to $349. We also got a $81. decrease in the credit for PC/Construction factor, whatever that is. Does that mean our 3-yr-old CBS house is becoming obsolete?

Apparently a Republican senator from SW FL convinced the legislature that sinkholes were the "new hurricanes" in Florida. Insurance companies can even deny sinkhole coverage in Pasco and Hernando counties, where many of the claims originate, forcing homeowners into the Citizens state pool.

For many years for us, insurance has started out at a reasonable rate when we've first insured a piece of property, then crept up year by year, even though there've been no claims.

Carla - Is it possible to put a larger deductible on sinkhole coverage? I don't have my policy with me up here in MA. thanks.

Citizens is a sinkhole insurance
 

"forcing homeowners into the Citizens state pool."
http://www.orlandosentinel.com/news/...,614988.column

Russ, I've got a call in to the agent and will let you know what I find out.

Hey Shawdow - Have you EVER had a positive comment to make on TOTV? I guess you bring up some good points from time to time but even you must need some joy in your life:)

Gabby
 

Facts and information can be a bummer.

Joy, my latest joy was seeing this picture of Gabby Gifford with this simile on her face.
http://t0.gstatic.com/images?q=tbn:A...wB2Tg3yhhvBDJA

There you go. Feels good to be nice huh? :)