[msilagy]

People saying they have had no claims? That does not matter. You are paying for all the other claims that insurance company has absorbed. After Ian this is to be expected in Florida. Imagine the rates those on the gulf and Atlantic will pay.

[jcgrether]

[QUOTE=Lynnesail;2176281]But why did the insurance companies approve these claim’s and then penalize US?[/QUOTE

The insurance companies don’t want to pay fraudulent roof claims. However it costs them more in legal fees to fight, than it does to replace the roof. The attorneys know this and leverage that knowledge to get their fees and the homeowner a new roof. In time, the new law DeSantis signed should help, but it doesn’t change overnight. Rate increases we are now seeing were approved by the state LONG before this new law was passed and has nothing to do with the new law, nor does it give insurance companies the ability to screw with customers. A little common sense knowledge about capital markets would answer many of these complaints.
I don’t like rate increases either. My Progressive policy is slated to increase from $1900 to $2900 in March….but if we were closer to the coast it would be many multiples of that, if we could get it at all.

[JGibson]

They know TV residents have deep pockets. Would like to see a comparison to a area with a lower median income.

[GatorFan]

Give Emery Abshier Allstate Agency a call. Very friendly, hometown agency that works hard for their clients. Tammy is an awesome agent and will take good care of you. 352-245-2423. No obligation but I guarantee you that you will be very pleased with the service you receive.

[StoneyZ]

Yes Minnesota too. My Minnesota home went from around $1600 to 2400 ..no changes but when I called they told me it was do to inflation and the costs to rebuilt for lumber, etc.


this last QUOTE=DALEPQ;2175733]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.[/QUOTE]

[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.

[Linnberg]

Originally Posted by wpsabo

Just asking.....
And why did you get a new roof by only paying the amount of the deductible?
Just asking....
p.s. I have been using USAA for over 50 years. I have asked twice for a new roof, turned down both times.

Previous insurance company agreed it was needed.

[OhioBuckeye]

Any claim you turn in will raise everyone’s rates!

[RIpswich]

Premier Naches home. Last year insurance with AAA cost for home with 2 cars $6,220. Just received bill for 2023 - $12,339. Had AAA for over 10 years, never a claim of any sort.

[Bill14564]

Originally Posted by Lynnesail

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

Usually because the company understands it is easier and cheaper to pay the claim than to be sued by the homeowner or the contractor and then pay both court costs and the claim.

We are not being "penalized" we are being asked to pay an amount that covers the cost of the claims in previous years and the risk that there will be more of the same claims in future years. If we make a legitimate claim in the future we want the company to have enough cash to pay our claim; the rising rates are what the company has determined it needs to be sure it can do that.

[newgirl]

Not for long..

[newgirl]

What is a amac membership?

[newgirl]

Wow, this is a first !

[newgirl]

Not all in The Villages have deep pockets, many are living off social security in the older sections .The insane raise in amenity fee's( mine went from $145-179 ) and insurance rates many will be forced to move. It is not right that The Villages promised me no more then 5% rate increase when I bought , then changed their minds. And insurance companies are doing very well , just look at what their earnings are so it is not a matter of need...both are just greed and because they can.

[paulcallaway]

I wish that I could say that you got a very high quote. But ours is about the same, and I did look diligently for a lower rate.