[Karmanng]

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

In other words it didnt do any good to pass a law from them to raise you this much! Sounds like it back fired

[GypsyRN]

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!!

Such naivete. That's exactly what got us sane clear thinking homeowners in the present snafu!!

[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.

Do you have Sink Hole Insurance?
If so it may be time to rethink the sink hole insurance. We did and dropped the SH coverage and saved a lot.

[Flyers999]

Originally Posted by Love2Swim

You're kidding, right? Nothing has changed. Look at all the people that have had their insurance almost doubled. This was predicted when the law was signed. The bill props up insurance companies solely so they will keep writing policies in Florida. There were no requirements that rates would go down. The lawmakers also set aside another $1 billion in our money as a pool that insurance companies could tap to bolster the industry . The legislation also reduces the risk that insurance companies will be sued by homeowners. These are all measures that benefit the insurance industry, not the Florida residents.

Hurricanes Nicole and Ian caused over $50 billion in damages to Florida. Ian was the deadliest storm in Florida in nearly 90 years.

If Florida keeps getting storms like that, $1 billion from the state isn't going to help much.

[Burnie]

2004 Camilia in BonnyBrook owned by us since it was built ... no insurance claims, no "free roof". Had ASI insurance until 2020 when Progressive Insurance took over.

ASI premiums started at $591 (new house) and increased over the years to $1445 in 2020.

Then Progressive took over:
2021 $1814
2022 $2186
2023 $6630 (note that is three times the previous year)

I went ballistic of course and checked with the agency to be sure it wasn't some kind of error or scam, only to be "reassured" that the amount was correct.
Obviously, I'm going to shop around but my blood pressure is still up, especially after reading posts in this string that show most increases to be no more than 10 or 15 percent. The premium is due March 5th.

[Badger 2006]

Originally Posted by ROCKETMAN

I have the villages ins agency. I have 1150;sq ft vinyl siding with a 3 year old roof and no claims. Mine went from 866 to 966 dollars a year. Have 20 per cent sink hole and 10 per cent hurricane coverage.

If I understand your deductibles, and as a home value guess here at $300,000, your deductible for sink hole damage would be $60,000 and hurricane damage $30,000. Don’t know what your liability coverages are but the super high deductibles are most likely why your premiums are so low.

[Badger 2006]

Originally Posted by retiredguy123

My Progressive premium increased by 6 percent to $880. It started at about $550, 6 years ago.

Meaningless unless coverage details are included.

[Badger 2006]

Originally Posted by Catalina36

Do you have Sink Hole Insurance?
If so it may be time to rethink the sink hole insurance. We did and dropped the SH coverage and saved a lot.

Until you get a non catastrophic sink hole issue that can be easily be 20 to 50 thousand dollars and more. Many sink hole issues in The Villages. Insurance for me is to protect against the major $$$$ issues. Depends what your risk tolerance is.

[Babubhat]

Higher interest rates help insurance companies. There are companies writing at a fair price but you have to put effort into it. Have multiple homes and no issues. Did not take more than an hour of time.

Work the phone, villages insurance and websites

[retiredguy123]

Originally Posted by Badger 2006

Meaningless unless coverage details are included.

$236K dwelling coverage, $500K liability, sinkhole coverage with 10 percent deductible, hurricane deductible is $500. Sewer backup coverage included.

[DALEPQ]

Thanks for all your replies.
Definitely looking for other coverage quotes.
Thanks again.

[Babubhat]

Frontline, heritage and State Farm offered fair rates two months ago to me

[Lynnesail]

Originally Posted by SkylightRoofing

As a resident here in The Villages, a FL licensed independent adjuster (Not active in this regard just hold licenses), and a roofer (Yes, there are a handful of quality platinum original roofers that don’t solicit and respect community guidelines), the issue was mentioned above - Fraud claims across the state (FL) gave insurance carriers the power back. Billions in 3rd degree fraud loss claims filed (because neighbors told neighbors) that adjusters and claims coordinators should have never approved …Caught up to all of us. I have three properties here and it’s not easy to absorb. I can say though: I (We) saw this coming like a train coming off the tracks from afar. All the people signing an insurance contract with door knockers should have been better educated.

If there are those out there that need a roof and that are hesitant about who to turn to for free advice without any pressure: Contact Skylight Roofing Villages - Trusted, Quality Reputation, Fully Insured, No Subcontractors, and over 5000 homes replaced to Sumter, Marion, Lake County Code.

352-552-4766 or 407-790/6755

The Villages - Skylight Roofing Inc.

Skylight Roofing - Serving The Villages for over 15 Years

But why did the insurance companies approve these claim’s and then penalize US?

[RickyLee]

please define "Ad Hominem", for those of us that are more educatedly challenged ! 😊😂🤣

[rmd2]

Originally Posted by Michael 61

Wow - just purchased a brand new home - went through the Villages, who signed me up with Tower Hill - $950 for the year.

I have Tower Hill and they raised mine from $900 to $1300. Can you put me in touch with the person who you got the quote from?
Thanks!