[hvac877]

State Farms quoted us lower than Progressive --Problem State Farms Hurricane deductible over $6000.00 Progressive $500. We stayed with progressive even though there was a rate increase for hurricane coverage. You never know how many hurricanes will hit us and cause damage. Progressive has sinkhole coverage included.

[Lottoguy]

I got my letter from Farmers last week telling us we will not be covered by them next year. Sad to get this because I feel were in the safest location in Florida from hurricanes.

[Arctic Fox]

Originally Posted by nn0wheremann

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.

Surprising that the developers haven't done this, and internet.

Insurance risk can be laid off with reinsurance, and internet cabling can be laid as the areas are being built and access auctioned off to the highest bidder amongst the usual suppliers.

[tophcfa]

Originally Posted by Lottoguy

I got my letter from Farmers last week telling us we will not be covered by them next year. Sad to get this because I feel were in the safest location in Florida from hurricanes.

I got my Farmers renewal paperwork for another year with a 20% increase ($1,000 to $1,200). Three weeks later I got the letter stating they won’t renew next year when our policy running 12-23 through 11-24 ends. Our roof will turn 15 years old in 2024, so I will have to replace it next year to get a new company willing to write me a reasonable policy. Already got quotes from multiple roofers and pool solar companies and am planning on using McGinnis Roofing and Jacks Solar.

[Blueblaze]

Originally Posted by RRGuyNJ

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.

I suppose it can happen, but I suspect it was a tornado that caused all that damage and not the Cat 1 hurricane that Irma might have been once it got to your house.

I lived in Oklahoma for 25 years and had two tornadoes go over my house, one of which removed half my roof. The other one was the remnants of the Oklahoma City Cat-5 that you can read about on-line to this day. It was barely a Cat-1 by the time it crossed the 80 miles to Tulsa.

I lived in Cypress, TX (NW suburb of Houston) for 20 years -- 80 miles from the ocean. During that time I had THREE cat-5 hurricanes go over my house -- even the eye, in the case of Rita. Total Damage? One rotted privacy fence post broke off and had to be replaced.

Why so little damage? Because a Cat-5 hurricane is barely a Cat-1 by the time it crosses 80 miles.

My Tulsa insurance was 20% less than my Cypress, TX insurance. Meanwhile, my Villages insurance, even with State Farm, is TWICE the cost of Cypress, and this little town in Florida has experienced exactly ONE little topical storm in its entire history, which people will call a "hurricane" because that's what it was when it hit the coast.

If ANY insurance company had any sense at all, they would insure The Villages at a lower rate than Tulsa, and quit writing policies in Tampa. They would clean up.

[Flyers999]

Originally Posted by Arctic Fox

Surprising that the developers haven't done this, and internet.

Insurance risk can be laid off with reinsurance, and internet cabling can be laid as the areas are being built and access auctioned off to the highest bidder amongst the usual suppliers.

Would the state ins commission let them do that, (only sell ins to "safe" areas)?

[Byte1]

Originally Posted by Arctic Fox

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.

Mine with Farmers went UP a hundred bucks or so.

[kkingston57]

Originally Posted by Blueblaze

I suppose it can happen, but I suspect it was a tornado that caused all that damage and not the Cat 1 hurricane that Irma might have been once it got to your house.

I lived in Oklahoma for 25 years and had two tornadoes go over my house, one of which removed half my roof. The other one was the remnants of the Oklahoma City Cat-5 that you can read about on-line to this day. It was barely a Cat-1 by the time it crossed the 80 miles to Tulsa.

I lived in Cypress, TX (NW suburb of Houston) for 20 years -- 80 miles from the ocean. During that time I had THREE cat-5 hurricanes go over my house -- even the eye, in the case of Rita. Total Damage? One rotted privacy fence post broke off and had to be replaced.

Why so little damage? Because a Cat-5 hurricane is barely a Cat-1 by the time it crosses 80 miles.

My Tulsa insurance was 20% less than my Cypress, TX insurance. Meanwhile, my Villages insurance, even with State Farm, is TWICE the cost of Cypress, and this little town in Florida has experienced exactly ONE little topical storm in its entire history, which people will call a "hurricane" because that's what it was when it hit the coast.

If ANY insurance company had any sense at all, they would insure The Villages at a lower rate than Tulsa, and quit writing policies in Tampa. They would clean up.

Florida is the world wide leader in litigated claims on a % basis by far. Hopefully this will end soon. Legislators did make it a loss less worthwhile to hire a lawyer to handle an insurance claim.

[Randall55]

Originally Posted by Blueblaze

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!

Tornado 2007 The Villages.This picture does not show the hundreds of vehicles that were demolished. I helped with the clean up effort and the rebuilding of homes. It can happen again, at anytime. The Villages is in a prime corridor.

Also, there have been plenty of homes that have been destroyed by lightening strikes and sink holes. No matter how strong you build homes, Mother Nature can rip them to shreds. The Villages has seen her wrath.

[Blueblaze]

Originally Posted by Randall55

Tornado 2007 The Villages. I helped with the clean up effort and rebuilding of homes. It can happen again at anytime.

Tornado in Oklahoma City, where the cost of insurance is a fraction of the Villages.
1999 Bridge Creek–Moore tornado - Wikipedia

This was the damage from the cat-5 that hit Oklahoma City on May 3, 1999. This devastation was a swath a mile wide that continued all the way up the 80 miles of I-44 to Tulsa, gradually losing steam until it passed over my house. The storm produced over 70 documented separate tornados. The cat5 damage continued for 45 miles, from Amber through OKC. A total of 8,132 homes, 1,041 apartments, 260 businesses, eleven public buildings, and seven churches were destroyed -- as in leveled.

We were huddled in a closet when the debris started to hit the house, and we heard the sound of the "locomotive", but had no damage. My next door neighbor lost a bunch of shingles -- sorta like those houses in your picture with the tarps on their roofs, who pay four times as much for insurance, even adjusting for inflation, as I paid in Tulsa.

[margaretmattson]

Originally Posted by Randall55

Tornado 2007 The Villages.This picture does not show the hundreds of vehicles that were demolished. I helped with the clean up effort and the rebuilding of homes. It can happen again, at anytime. The Villages is in a prime corridor.

Also, there have been plenty of homes that have been destroyed by lightening strikes and sink holes. No matter how strong you build homes, Mother Nature can rip them to shreds. The Villages has seen her wrath.

I was here when the tornado hit. For a few days, there was quite a bit of chaos. Then Villagers pitched in to help remove the immense rubble. People tend to focus on hurricanes. They forget about the sinkholes, lightening, and our location for tornados. Insurance rates in the Villages will never go down. We had many natural disasters strike our area. It is not as safe as some people tout. In fact, quite the opposite.

[Blueblaze]

Originally Posted by margaretmattson

I was here when the tornado hit. For a few days, there was quite a bit of chaos. Then Villagers pitched in to help remove the immense rubble. People tend to focus on hurricanes. They forget about the sinkholes, lightening, and our location for tornados. Insurance rates in the Villages will never go down. We had many natural disasters strike our area. It is not as safe as some people tout. In fact, quite the opposite.

Lightning and sinkholes and one tornado in 20 years, Oh My!

Give me a break! I lived my whole life in tornado alley -- except for the 15 years I spent in hurricane-and-flood-alley Houston. This place is as safe as it gets on planet Earth. Compared to Oklahoma and Texas, it's like living your life in bubble wrap.

Here, we all live in houses built to hurricane standards, designed to withstand 110mph winds, in a place that's never had a hurricane. Half of us live in concrete bunkers with steel studs, for crying out loud!

The topic is insurance and the question is why do we pay four times what I used to pay to insure a frame house in Tulsa, which was not built to any wind mitigation standard at all. I guarantee, the reason has got nothing to do with hurricane risk. It's due to lawyer risk and roof scam risk and lousy government risk and toothless insurance commission risk -- but mostly it's just crooked insurance company risk.

[margaretmattson]

Originally Posted by Blueblaze

Lightning and sinkholes and one tornado in 20 years, Oh My!

Give me a break! I lived my whole life in tornado alley -- except for the 15 years I spent in hurricane-and-flood-alley Houston. This place is as safe as it gets on planet Earth. Compared to Oklahoma and Texas, it's like living your life in bubble wrap.

Here, we all live in houses built to hurricane standards, designed to withstand 110mph winds, in a place that's never had a hurricane. Half of us live in concrete bunkers with steel studs, for crying out loud!

The topic is insurance and the question is why do we pay four times what I used to pay to insure a frame house in Tulsa, which was not built to any wind mitigation standard at all. I guarantee, the reason has got nothing to do with hurricane risk. It's due to lawyer risk and roof scam risk and lousy government risk and toothless insurance commission risk -- but mostly it's just crooked insurance company risk.

Did you see the picture posted? That was AFTER the cleanup and only one area that was destroyed. I witnessed the destruction with my own eyes. The homes DID NOT withstand the winds. And the cars? Can't even begin to describe. I also saw homes that sunk into sinkholes and a burning house caused by lightening. Read in the news about many more. If you haven't witnessed the destruction here, you really should not correct those who have. The rise in insurance here will continue in part due to the many natural disasters our community has experienced. The roof scam here? Well, that's another story!

Reread the topic. It is about Farmers leaving Florida. Would you continue to insure a state that has been consumed by natural disasters? I believe your Tulsa story is off the topic. So sorry that it happened, but the topic is about Florida.

I hope your home here remains as safe as you believe. For those of us who have lived here for 20+ years, we KNOW that may not be the case. I pray Mother Nature is finished with our community. It is not pleasant to watch neighbors losing their homes.

[EdFNJ]

Originally Posted by golfing eagles

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

. Had the same thing with The Hartford. Under $1K to $1.5K

[EdFNJ]

Originally Posted by Arctic Fox

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.

. That's quite remarkable considering all the other data points posted here and in other threads. Did you confirm all your coverages were the same and they didn't change to 6 month billing?

At least my taxes went DOWN $100. LOL, That was a surprise.