Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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The quote you receive tells you if they want your business. Loyalty no longer exists. Geico had the nerve to give a lower quote After switching. Ridiculous
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#17
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I agree. No loyalty. My experience with switching from Allstate to State Farm was that the Allstate agent had no flexibility to offer a lower rate. Even after being a customer for 30 years, he advised me to switch because the State Farm premium was less than half of the Allstate price for the same coverage. If State Farm raises their rate, I will just go back to Allstate.
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#18
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I believe they have the most comprehensive homeowners protection |
#19
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Wow!
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#20
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Five Years
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#21
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Always shop for the best coverage at the best price. I have no problem changing insurance companies if their fee is lower and their coverage is the same or better. Don't worry about the price next year, because if they ALL go up, then there's nothing you can do about it. However, if your premiulm does go up, then it's time to go shopping again for the best deal. Be vigilant, be wise, be better off financially.
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#22
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Rates aren't the only issue
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I think every company raises rates - its a matter of are you pleased with the coverage AND with the claim service. Also - be sure to compare similar coverages as you can get cheaper rates but coverage may be less and/or deductibles higher. I don't do comparison shopping every year but I DO review my coverages to ensure that there is enough to cover a total loss (hope it never happens). Most policies have inflation built in where the coverage goes up but in a time of high inflation, it may not go up enough. I've also been is a situation where the coverage has been too high. Of course here in FL, some companies are not writing policies if your roof is over a certain age. The new FL law only protects a roof to 15 years old if I recall correctly. The first insurance company I had here dropped my policy because the roof was 11 years old AND I had trouble finding a company that would write a new HO policy on a roof older than 9 years. Increasing premiums are a lot easier to put up with than a new roof. |
#23
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Remember, cheaper rates are only good if you DO NOT have a claim. A lot of people would pay more for a nationwide(not Nationwide the company) company which has good service as opposed to some of the mostly Florida based insurance companies. Your agent can tell you the names of the companies who do provide best customer service. Make sure that you do buy your insurance from admitted company. Some companies are surplus lines companies. These companies do not need to follow all of the Florida laws. With the basic info you supplied I would stay with your current insurance company. Surprised your rates have not gone up much higher(20%+) |
#24
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#25
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Consider yourself lucky if you're only getting a minimal increase. Florida, and everywhere else are getting hit very hard on homeowners renewals due to the increases in catastrophic claims in the last few years.
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#26
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With all of the money insurance companies collect for both home and auto policies, I find it very difficult to believe that they aren't rolling in money.
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#27
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You can self insure assuming you do not have a mortgage or a car loan. The people holding your mortgage or car loan will demand you have insurance. Cost of insurance can be reduced by you increasing the deductible. In other words you are self insuring the first whatever number you select. Companies have a rating, How easy they are to deal with if you have a claim. What you are paying for in insurance is others sharing your risk. If, the company has a reputation for not paying, they can of course be cheaper. They are not all the same. Staying with a company. People tend to think I am a good customer been with them for 12 plus years. The reality is it is a very competitive industry. The company will likely offer lower rates to attract new customers than to existing customers. |
#28
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Like any other business they are there to make money. Far as what they make most insurance companies issue stock. You can if you wish buy stock, accept part of the risk and perhaps get some profit out of your investment. As a publicly traded company, PROFIT, LOSS are all public information.
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#29
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Is it fair to adjust insurance premiums according to your credit rating ?
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#30
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Since they are in business to make money they charge accordingly. |
Closed Thread |
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