[villagerjack]

Originally Posted by Altavia

One disadvantage of owning an older home.

New homes can have close to $1k in discounts due to meeting there latest wind and hurricane standards.

But how much is your annual bond?

[Debfrommaine]

Originally Posted by Normal

I am not understanding why the rates would be so different? Our auto and golf cart are also through them? Is your bill aggregated or just home? I guess I should be happy I’m under 1000 a year. Our house is block construction? Does that make a difference?

I don't understand either. Auto and golf cart are not included in the $1600. There is no mortgage on the home whether that makes a difference or not.

[GatorFan]

Originally Posted by villageuser

That’s part of the problem. Insurance companies are not wanting to insure homes older than 2015, and they are rationing how many subscribers they have per area. Once they reach their limit, and some have for this area, they won’t insure more people.

There are companies writing policies.

[Catalina36]

Originally Posted by dalepq

have just received the renewal notice for home owners ins. From progressive.
Have had them since 2020. Never had one claim at all.
2020 premium- $693.; 2021-$755.; 2022- $916.; 2023 renewal quote $1,883. Wow!!
105% increase, for no changes in coverage, and no claims. Yes, total shocker!!
No doubt hurricanes have affected this!
Is this what has been happening to home owners ins. In t.v. And or all fl??
What have others experienced for rate changes??
Thanks for your replies.

doe's your quote include sinkhole insurance????

[Catalina36]

You may think you have a great bundled quote from state farm. Most likely your paying too much for your auto insurance!!!
Call AARP THE HARTFORD for Auto Insurance. You will shocked how much your over paying for Auto Insurance with State Farm.

[Biker Dog]

Just talked with USAA & they are no longer writing policies in this area due to wind damage roof claims.

[Babubhat]

Just bundled multiple policies with State Farm. Best price I found. You can’t generalize about companies. Some want your business, others don’t. Keep shopping

[keepsake]

If you have no mortgage, Florida law allows you to buy home owners insurance WITHOUT windstorm coverage. You take the risk and self insure. I went from $7500 to $1100 doing this in Dec 2022 on a $484 k home.

[Badger 2006]

Originally Posted by Catalina36

You may think you have a great bundled quote from state farm. Most likely your paying too much for your auto insurance!!!
Call AARP THE HARTFORD for Auto Insurance. You will shocked how much your over paying for Auto Insurance with State Farm.

Agree. Was getting quotes and State Farm was $800 less for the hone policy, with sinkhole, but the auto was $400 more and the umbrella was $550 more.

[chrissy2231]

Originally Posted by DALEPQ

Have just received the renewal notice for Home Owners Ins. from Progressive.
Have had them since 2020. Never had one claim at all.
2020 Premium- $693.; 2021-$755.; 2022- $916.; 2023 Renewal Quote $1,883. WOW!!
105% Increase, for NO changes in coverage, and NO claims. Yes, TOTAL SHOCKER!!
No doubt hurricanes have affected this!
Is this what has been happening to Home Owners Ins. in T.V. and or all FL??
What have others experienced for rate changes??
Thanks for your replies.

just bundled car & house w/State Farm & saved $600

[chrissy2231]

Originally Posted by Catalina36

You may think you have a great bundled quote from state farm. Most likely your paying too much for your auto insurance!!!
Call AARP THE HARTFORD for Auto Insurance. You will shocked how much your over paying for Auto Insurance with State Farm.

I had 1 small accident & they paid out $1K to other driver. My policy went up $700 & would continue for 3 more years. Bundled w/State Farm & saved $600

[Pairadocs]

Originally Posted by DALEPQ

Have just received the renewal notice for Home Owners Ins. from Progressive.
Have had them since 2020. Never had one claim at all.
2020 Premium- $693.; 2021-$755.; 2022- $916.; 2023 Renewal Quote $1,883. WOW!!
105% Increase, for NO changes in coverage, and NO claims. Yes, TOTAL SHOCKER!!
No doubt hurricanes have affected this!
Is this what has been happening to Home Owners Ins. in T.V. and or all FL??
What have others experienced for rate changes??
Thanks for your replies.

We go back further with progressive, and NEVER have had a claim even with previous company (which left Florida so we had to go with progressive). Started int he Low $500's, is NOW $2160.... so, don't complain too much or they'll raise you from 1K to 2K. By the way, the "roof" scam, is just that. A one year, or for many of us, a 6 month small reduction, then it sky rockets again on the next renewal. Yes, it is definitely a Florida problem, we pay big time for the natural disasters... and to some extent, everyone in every state with every insurance company also had to pay for us to live in paradise, even with hurricane season ! ?

[Pairadocs]

Originally Posted by Flyers999

I'm sure some of you remember this when 16 years ago a thunderstorm spawned three tornadoes that swept through three villages. Even though The Villages got hit with 136-165 mph winds, no villager died. 20 people did die but they were in the surrounding trailer parks. Gives one pause when considering to self-insure.

The damage breakdown is here:

https://www.depts.ttu.edu/nwi/Pubs/R...AW-Florida.pdf

Flyers999, remember it well ! That next morning, when those HUGE over head traffic signals in the villages (Belvidere & 466 for one) were still in the street, just too much to clean up immediately, and we reached 441 to turn south and check on some friends in Ladylake and the scene was like a nuclear attack ! NOTHING, absolutely nothing, trees looked like a forest AFTER a major forest fire, church on left gone, no sign of it... a real horror show !

[Pairadocs]

Originally Posted by Velvet

That is what group insurance is about, spreading the cost over the whole group of people. Now as an individual, I am paying a premium each year IN ORDER THAT when I need something fixed or repaired, the insurance company will cover. All the years I have made no claims I was subsidizing everyone else’s claims. When and if I need it, they will be subsidizing my claim. That is how I understand insurance to work.

That's about the summary/explanation. For YEARS people raged (uselessly) about the "unfairness" that people who eat a reasonably nutritious diet, do not smoke, engage in regular physical fitness activities of some type, etc. are paying for the "spread out" costs of the higher incidence of cancer, diabetes, and heart disease in those with poor/poorer life habits. It is what it is. A few companies considered, and some actually developed a tiered system where smoking employees would pay more for their insurance... one of those types of things that are really not controllable !! Insurance is to spread RISK. Except for a few small reductions for safe driving, we still ALL pay for the habitual speeders, the uninsured, the teens and the 80 somethings... that's what insurance is, as you and others have said !

[Pairadocs]

Originally Posted by Biker Dog

Just talked with USAA & they are no longer writing policies in this area due to wind damage roof claims.

True. Also, seems a lot of people ARE getting good rates from AARP Hartford (we were with in a different part of Fl or years, but after building here, were told they were no long insuring here ?? So finally went with Progressive, which has without fail raised auto and home premiums to mind boggling amounts for people like us who have been fortunate enough to have never had a claim, or been involved in an auto accident.. it's a mystery how underwriting works.