[Band1t]

Originally Posted by tommy steam

My sink hole ins was 500.00 and I would have to pay the first 24k if I had sink hole damage. Got it thru the villages ins in brownwood. I'm not saying its good or bad.just putting it out there. My total policy for homeowners and sink hole is around 875.00 a year.

Hopefully we will be moving to TV the first of the year and have seen some post on TV Insurance agency. How are they comparied to others? We have had State Farm for years and it has been going up w/o any claims on our part.

[PJOHNS2654]

Originally Posted by Paperboy

Over the past 3-4 yrs. has your home owners, hurricane & sinkhole (all on 1 policy) have HEFTY increases?
We have American Integrity of Fl. thru The Villages Ins. Agency on Wedgewood Ln..
Cottage home was bought new 11/11.
NEVER CHANGED ANY COVERAGE.
For 2011-2012 the premium was $***.00
For 2012-2012 " " " $515.00 a 19% increase
For 2013-2014 " " is $604.00 a 17% increase.
Granted that the home dwelling liability has increased every year & is now $171 K.
Has anyone else faced these rates of increase?

I just got my renewal. It went frfom $970 to $1,134.00 and this is for a Condo (inside the wall coverage only). I did have a water damage claim three and half years ago.

[hema54]

Compared to other counties in Fl house insurance here is very cheap. When we start paying 2,500 a year without sinkhole then we can complain. I was paying 2,500 in Pinellas county. I'm very happy to pay $700 here.

[rn1tv]

billethkid, The first 5+ years I lived here, I heard very little about sinkholes too. It wasn't until a huge hole appeared in my front yard and, after totaling the expenses involved to repair, I was very happy to have sinkhole insurance. I certainly did not expect it to happen but very happy we took the insurance out...it could happen to anyone!

[e-flyer]

Originally Posted by rn1tv

billethkid, The first 5+ years I lived here, I heard very little about sinkholes too. It wasn't until a huge hole appeared in my front yard and, after totaling the expenses involved to repair, I was very happy to have sinkhole insurance. I certainly did not expect it to happen but very happy we took the insurance out...it could happen to anyone!

Interesting, when we signed up for our new house, our insurance company told us that sink hole insurance only covered the house structure, not the surrounding property (that would be our responsibility in full unless there was damage to the structure). The deductible (%) was quite high also, not $500 as some have posted.

[PJOHNS2654]

Originally Posted by PJOHNS2654

I just got my renewal. It went frfom $970 to $1,134.00 and this is for a Condo (inside the wall coverage only). I did have a water damage claim three and half years ago.

My original policy was renewing for $1134.00. After much research and shopping I have found a new agent and a new Insurer.

I have been quoted $584.00 with a wind mitigation discount of $139.34. the coverage is basically the same (see below) as I had with the $1134 quote.


Coverage and premium discounts
Coverage's
Dwelling Coverage $107,000
Personal Property $50,000
Loss of Use $20,000
Personal Liability - Each Occurrence $300,000
Medical Payments to Others - Each Person $1,000
Hurricane:
All Other Perils:
$1,000
$1,000
Deductibles:
Discounts
Fire Protection (Sprinklers)
Secured Community
Senior/Retired Discount
Roof Deck Attachment
Roof Wall Connection
E-Policy (Paperless)
Additional Coverages Included
Replacement Cost on Contents
Fungi,Mold,Wet/Dry Rot Included $10,000
Loss Assessment $2,000

[2BNTV]

I think one needs to know the specifics of their policy coverage, and then go shopping for a better rate.

I just moved here and one company wanted over $900 and then I found another agency, that had the same coverage for $670, saving $230.

You need to compare apples to apples, when inquiring about rates.

[perrjojo]

Our premium with Ark actually went down this year. We have 500 deductible but sink hole deductible went from 500 to 10%.