[hollyrich2]

Rate increases are not arbitrary. An insurance company must apply for a rate increase with the state and show proof why they must raise rates. The state approved the increase.

I can provide an Allstate quote if you’re interested. We are insuring homes built in 2011 or newer. If interested call 954-437-9220 ext. 308 or email hrichardson4@allstate.com.

[jabacon6669]

I live in the Village of Hadley. 1700s.f. concrete block. Built in 2008. My HOI was with Carbrillo Casualty. In 2021 it was 1300, in 2022 it was 1700. This year is was going to be 2700. I cancelled. went with State Far, 2100, w/ better coverage. Bundled my auto and golf cart with it for an extra $98/month. Which is cheaper than travelers (car) & Formost (golf cart) combined. Shop around. I did. Found AAA to be higher and Kin to be higher.

[bark4me]

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.

I moved from home to another new home. Had progressive at a reasonable rate for 1st home. Progressive wouldn't even think about insuring my new home. Have had Progressive on my last 2 homes in Florida with no claims. They don't care. And this is happening in ALL of Florida

[Dbraisted]

Same here with another company…..many people getting dropped….a huge problem in Florida.

[BlueHeronFan]

Originally Posted by MrFlorida

Join the club !

Whe had Travelers Ins for years when we lived north.
Once we moved to Florida we lasted 6months and then same type of shocker. It told me they didn't want to insure in Florida. Been with Allstate since then and very happy with it. Sink hole coverage is excellent.

[GizmoWhiskers]

Originally Posted by Keefelane66

After that Special Session, Governor DeSantis signed SB 2-D which enacted pro-consumer measures to help alleviate rising insurance costs, increased insurance claim transparency, and cracked down on frivolous lawsuits which drive up costs for all Floridians.

In other words it gives the Insurance Companies a license to steal

These statements above don't add up. I see no license for insurance companies to steal in here. What am I missing? He opened up competition. Lovin our Govenor DeSantis! OP get a another quote.

Senate Bill 2D, signed by Governor DeSantis today, enacts pro-consumer measures to help alleviate rising insurance costs, increases insurance claim transparency, and cracks down on frivolous lawsuits which drive up costs for all Floridians. Specific provisions to stabilize the market include:

$2 billion in reinsurance relief through the Reinsurance to Assist Policy (RAP) program to benefit policyholders over the next two years.
Requires insurance companies to file a supplemental rate filing once enrolled in the program to provide relief to policyholders.
$150 million for the My Safe Florida Home Program to provide grants to Florida homeowners for hurricane retrofitting, making homes safer and more resistant to hurricane damage, which can result in premium discounts for those who participate in the program.
Prohibiting insurance companies from denying coverage solely based on the age of a roof if the roof is less than 15 years old or if the roof is determined to have at least 5 years of useful life remaining.
Requiring insurance companies to provide policyholders with a reasonable explanation if they deny or partially deny a claim and provides consumers with greater access to information during the claim adjustment process.
Creating a new standard for application of attorney fee multipliers which have been liberally applied, resulting in increased costs to consumers.
Limiting the assignment of attorney’s fees in property insurance cases, disincentivizing frivolous claims.

[msilagy]

Size of home? Concrete or siding? Age of roof? All this makes a difference so hard to compare premiums. Not sure the above posts are relevant to your own situation.

[Captainpd]

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.

And you have supporting documentation for the outrageous post. Your $200000 house is now worth $300000 and want to pay the same price to insure it. They are a business and the replacement cost have sky rocketed. Try looking at the real source of this inflation and cost of living source. You don't have to look further than that other "House".

[ithos]

Originally Posted by Keefelane66

After that Special Session, Governor DeSantis signed SB 2-D which enacted pro-consumer measures to help alleviate rising insurance costs, increased insurance claim transparency, and cracked down on frivolous lawsuits which drive up costs for all Floridians.

In other words it gives the Insurance Companies a license to steal

Insurance companies always have the right to not insure in FL which will happen if they have losses due to natural disasters or a onslaught of frivolous claims.

I am no expert but the legislation seems to be a good balance of both the interests of the insured and insurers.

Instead of ad hominem attacks based on politics, maybe you could provide some more specifics to justify your disparaging comment.

[Sgt Ed]

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.

The exact same thing happened to me. 1st year $950, 2nd $1300, Third $1700 and The 4th they wanted 2700. I changed companies and got the exact same coverage for $1200. It pays to shop. Same for car insurance also. No more loyalties.

[G.R.I.T.S.]

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.

At least you received a renewal. We were canceled.

[JWGifford]

If you want to feel a little better, we live in Galveston, TX and pay roughly $6500/year for coverage of roughly $350k. Then add property taxes and we’re pushing $17,000 a year before we walk in the door. The Villages is looking pretty good.

[Linnberg]

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 were very fortunate. We have USAA and just got our renewal (including separate sink hole Coverage rider) and it just went up $300!
We did get the new roof in 2021 for just our deductible with a different insurance company.
We discovered that even being in the reserves, my husband was able to use USAA.
I would recommend anyone with military service including reserves, to check out USAA.

[OhioBuckeye]

You’re help paying for other peoples claims. I’ve never had a claim & mine has skyrocketed too. Not trying to be a wise guy but how did you think Ins. Co. stay in business, they raise everybody’s rates. Don’t think about switching, all Ins. Co. rates have gone up!

[Captainpd]

Originally Posted by mkjelenbaas

And I thought those that got FREE ROOFS was a good deal - unfortunately it appears we all are paying for them!!

Your insurance went up because of roofs?? How about the replacement cost of your house that went up 30% in one year