[Rosethorn]

Originally Posted by Babubhat

A roof near end of useful life will likely result in a major claim. They are not going to accept a third party opinion, nor should they. They are on the hook, not an inspector. No one can precisely predict when it will fail, too many variables so they will be conservative.

InterNACHI's Estimated Life Expectancy Chart for Florida Homes

Asphalt Shingles (3-tab)
10 to 12
Asphalt (architectural) 15 to 20


However, keep in mind that the harsh climate in Florida, including hurricanes, heavy rain, high humidity, and intense sun exposure, can cause wear and tear on roofs and shorten their lifespan

And yet I keep hearing about folks with roofing shingles far older than mine who are not having these insurance problems.

It’s like an extra tax for newcomers. And it’s a really big tax.

[KCAlan]

We were in the same boat having Farmers. I went to this Independent Broker who found me great quotes at Midwest prices. After getting a new roof try
Goosehead Insurance Brokers
Richard Collins Agency Owner
904-429-4211

[DonnaNi4os]

Originally Posted by CoachKandSportsguy

State Farm sees large losses in 2023

Not a good scenario . . .

I’ve had State Farm for close to 40 years. I renewed in November with a bit of an increase in my homeowners and a decent sized increase in my car insurance despite an accident free rate. I asked my agent then if they were still writing new policies as a friend of mine was interested in switching to State Farm. He said yes and my friend diss switch to SF.

[Snowbug]

Originally Posted by tophcfa

We have bigger issues, we have Farmers, who is pulling out of Florida entirely and has already informed us they won’t renew our policy next fall. We also have a 17 year old roof, on a 28 year old home, that insurance Companies want nothing to do with. We’re getting the roof replaced later this winter and will have to find a new insurance company later in 2024. Not something I’m looking forward to.

I recommend Nathan Thomas State Farm in Wildwood. We have our home, 2 cars and golf cart there.

[PugMom]

Originally Posted by Babubhat

Just renewed multiple policies. Minimal increase. Non event

same, i do house & auto

[rickaslin]

Originally Posted by CoachKandSportsguy

State Farm sees large losses in 2023

Not a good scenario . . .

I just canceled my auto with them, it went up every 6 months for 3 years. My home is with them and has gone up but is still a good price. But now they say since I canceld my auto the home will go up, so I am shopping for a new home owners policy.

[jscocco]

Originally Posted by badkarma318

Florida insurance regulators just approved 6 new companies to begin writing property insurance policies in the state starting in 2024.

Is there a list so that we can reference these new companies? My policy will renew in March. Thank you.

[justjim]

24.4 million State Farm CEO annual salary. He wasn’t hurt too much last year.

[Babubhat]

Insurance industry news says expect 20 percent auto increases. Not unique to SF.

And insurance rates will probably keep on rising, propelled by higher costs of replacement parts and repairs, Bloomberg Intelligence analysts said last month.

[Michael G.]

Originally Posted by Snowbug

I recommend Nathan Thomas State Farm in Wildwood. We have our home, 2 cars and golf cart there.

A nice/friendly agent doesn't make the insurance.

[JGibson]

Originally Posted by Babubhat

Insurance industry news says expect 20 percent auto increases. Not unique to SF.

And insurance rates will probably keep on rising, propelled by higher costs of replacement parts and repairs, Bloomberg Intelligence analysts said last month.

Maybe if the laws were more strict for people driving around without car insurance the rates wouldn't keep going up.

1 in 4 motorists in Florida have no auto insurance.

Other states impound the vehicle for no insurance and don't release it until you can show proof of insurance.

[Flyers999]

One problem with that (and this was the situation with the northern city I'm from) Who are those that dont have auto insurance? Low income, right? Ins. Companies realize that they
are more likely to sue each other. So forcing everyone to buy auto ins. might raise everyone's rates.

[Michael G.]

Originally Posted by CoachKandSportsguy

State Farm sees large losses in 2023

Not a good scenario . . .

State Farm Insurance isn't going anywhere.
Just another media b.s. to tell chicken little the sky is following.

[CoachKandSportsguy]

Originally Posted by Flyers999

One problem with that (and this was the situation with the northern city I'm from) Who are those that dont have auto insurance? Low income, right? Ins. Companies realize that they
are more likely to sue each other. So forcing everyone to buy auto ins. might raise everyone's rates.

depends upon accident / ticket surcharges and how long they are added to the base rate. That penalizes individuals with accidents / tickets while having no fault insurance, SO people with accidents and speeding tickets, etc, get higher rates without everyone getting higher rates.

at least in MA, I have been paying speeding ticket surcharges for 7 years after the ticket. .
states rights!

[tophcfa]

Originally Posted by Michael G.

State isn't going anywhere.
Just another media b.s. to tell chicken little the sky is following.

Didn’t think Farmers was going anywhere either, right up until they announced they were pulling out of Florida.