[NorineBerlinski]

I use Kin Insurance for my home. I paid $511 in 2021 and they want $1,819 in 2022. I called them and by adjusting some deductibles was able to lower it to $1,414. She said this was happening to everybody due to hurricanes, inflation, blah, blah, blah. Has anyone else experienced this and any recommendations on cheaper insurance.

[MrFlorida]

Yes. Welcome to the club.

[melpetezrinski]

Originally Posted by NorineBerlinski

I use Kin Insurance for my home. I paid $511 in 2021 and they want $1,819 in 2022. I called them and by adjusting some deductibles was able to lower it to $1,414. She said this was happening to everybody due to hurricanes, inflation, blah, blah, blah. Has anyone else experienced this and any recommendations on cheaper insurance.

I have Kin Insurance on my primary and a rental, in which, both are up for renewal in August. My primary is $612 (high deductibles and minimal coverage) and the initial renewal was for $908. I calmly e-mailed back stating this is unacceptable and that I will be cancelling unless you call me with a lower premium. In a few days, they came back with $807 by covering Personal Property at Actual Cash Value instead of Replacement Cost, changing Water Damage from Full to Limited and loss of use from 20% to 10%. I said this was not enough, so they "sharpened their pencil" and came back with $678 if Hurricane Deductible was increased to 10%. Now, these are very risky deductibles and coverages but that is how I view insurance.

On the rental, the current premium is $443 with a renewal rate of $854. Once again, I e-mailed back, as I was not interested in playing their games. They said we could change All Other Peril Deductible from $2,500 to $5,000, Change Water Damage from Full to Limited and cover Personal Property at Actual Cash Value instead of Replacement Cost. This lowered the premium to $808. What I noticed on the renewal was a roof surfacing payment schedule with this language, "We are adding this endorsement to your policy because your roof has reached a certain age." THE ROOF IS TWO YEARS OLD. I'm waiting to hear back.

Kin is unfortunately playing games and you need to be aware of what coverages are costing what amounts and where you can scale back to align with your risk tolerances.

[Babubhat]

When was the last time TV had a hurricane? Thought 2015 it was tropical storm by time it reached here. 75 percent of my premium is for hurricane. Ridiculous

The Villages, FL - Hurricane Information & Risks | Homefacts

[Blueblaze]

Expect the entire Florida Insurance Cartel to respond in the same way to the new law that prevents them from rejecting perfectly serviceable roofs on the basis of age. They're in a snit because they can't force you to buy a new roof every ten years.

The solution is competition from the majors, but those morons are convinced that the entire state of Florida is just one big suburb of Miami. Most of them are based closer to new Jersey than we are from an ocean, but even when they all lost billions insuring a bunch of poorly-built homes from a little cat 1 storm named "Sandy" a few years ago, not a single one pulled out of New Jersey. For crying out loud, the entire state of New Jersey is closer to the ocean than we are! Our homes are 80 miles from the coast and built to wind-mitigation standards, but the morons at the majors treat us like The Villages is on stilts at Miami Beach.

So we're at the whims of a cartel of no-name little fake insurance companies based in Florida, who probably couldn't pay a claim, anyway. And THEY'RE TOO DUMB to realize that the solution to a 15 year old roof is JUST DON'T INSURE THE DAMN THING AT FULL REPLACEMENT VALUE! Much simpler to hike your rates so you're write your congressman to repeal the new law, than to do the math and create a damned depreciation table!

Dumb... dumber... DUMBEST!

[rjm1cc]

Seems high. Try AAA (auto co)

[Stu from NYC]

Or Allstate (who we use) or Village Insurance

[Nucky]

Didn't you sense something is wrong with KIN? Might as well insure with Freddie Fudpucker Insurance Co.

Do yourself a favor and call around, check out at least 5 others companies and get the coverage you want. Lowering coverage to get the desired premium doesn't seem very good to me. Good Luck.

[Babubhat]

Try heritage insurance. Online quote in one day

[Bogie Shooter]

Originally Posted by NorineBerlinski

I use Kin Insurance for my home. I paid $511 in 2021 and they want $1,819 in 2022. I called them and by adjusting some deductibles was able to lower it to $1,414. She said this was happening to everybody due to hurricanes, inflation, blah, blah, blah. Has anyone else experienced this and any recommendations on cheaper insurance.

Will there be a third thread tomorrow?

[RVJim]

Originally Posted by Blueblaze

Expect the entire Florida Insurance Cartel to respond in the same way to the new law that prevents them from rejecting perfectly serviceable roofs on the basis of age. They're in a snit because they can't force you to buy a new roof every ten years.

The solution is competition from the majors, but those morons are convinced that the entire state of Florida is just one big suburb of Miami. Most of them are based closer to new Jersey than we are from an ocean, but even when they all lost billions insuring a bunch of poorly-built homes from a little cat 1 storm named "Sandy" a few years ago, not a single one pulled out of New Jersey. For crying out loud, the entire state of New Jersey is closer to the ocean than we are! Our homes are 80 miles from the coast and built to wind-mitigation standards, but the morons at the majors treat us like The Villages is on stilts at Miami Beach.

So we're at the whims of a cartel of no-name little fake insurance companies based in Florida, who probably couldn't pay a claim, anyway. And THEY'RE TOO DUMB to realize that the solution to a 15 year old roof is JUST DON'T INSURE THE DAMN THING AT FULL REPLACEMENT VALUE! Much simpler to hike your rates so you're write your congressman to repeal the new law, than to do the math and create a damned depreciation table!

Dumb... dumber... DUMBEST!

I love rants like this. Name calling “moron” “dumb” lots of capital letters (shouting). Keep ranting .. they have a product (insurance) that you want or need. They do business where they can make money. Insurance isn’t a charity so stop wailing about “the majors” not wanting to write insurance where they expect to lose money. Socialism is not part of the insurance business model. If you can’t afford to live in TV, just say that and move.

[mrf0151]

Sounds like you got sucked in by Kin. They have for over a year now been bombarding our mailboxes with how great and low priced they are. Looks like many got sucked in. There may be a greater chance of your home have sinkhole issues compared to storm damage. When you change homeowners' insurance you very likely lose your sinkhole coverage. Check your policies.
We have had Travelers for 16 years here now and they have been terrific, both in service and pricing.

[defrey12]

Originally Posted by NorineBerlinski

I use Kin Insurance for my home. I paid $511 in 2021 and they want $1,819 in 2022. I called them and by adjusting some deductibles was able to lower it to $1,414. She said this was happening to everybody due to hurricanes, inflation, blah, blah, blah. Has anyone else experienced this and any recommendations on cheaper insurance.

Who is Kin Insurance? Maybe try a name company? USAA has NEVER instituted such an increase, or much of any increase for that matter. Nor, dare I say, has any reputable insurance company.

[Babubhat]

Not unusual. I have seen a few companies bury in fine print the first year has a one time discount to switch.

[Nucky]

If there is a third and fourth thread I’ll read them. Not everyone has been posting on here since the world was flat.

Better to teach them the correct way to do it, no? Wish I knew how, I would teach them!