[GatorFan]

Research the companies. Many companies have gone bankrupt or pulled out of Florida completely. You may pay a little more but make sure the company is financially stable or you may go through searching for a company every year. New companies in Florida come in with lower premiums because they have no loss ratio in Florida. Within the year they are raising their premiums due to lots of claims.

[TedfromGA]

Based on approximate 60,000 insurance customers, Consumer Reports ranks USAA #1. The companies ranked #2 and #3 do not write insurance in Florida. The typical insurance companies most people use (including me) in The Villages rank in the middle to mid lower in the list of 24 companies

[Robbb]

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

How does cracking down on frivolous give insurance companies a license to steal?

[dnobles]

Us too$2669.00 WOW. Shopping today

[eyc234]

Originally Posted by GizmoWhiskers

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.

Proof is in the pudding. What they did was nothing and it is proved by the ever increasing premiums. If they were so concerned, from the governer down why did they not fix this 2 years ago.

[Love2Swim]

Originally Posted by eyc234

Proof is in the pudding. What they did was nothing and it is proved by the ever increasing premiums. If they were so concerned, from the governer down why did they not fix this 2 years ago.

Exactly.

[Aces4]

Originally Posted by eyc234

Proof is in the pudding. What they did was nothing and it is proved by the ever increasing premiums. If they were so concerned, from the governer down why did they not fix this 2 years ago.

Louisiana must be eating the same pudding to be in the same boat. I’m sure those huge losses have nothing to do with hurricanes, free roofs and a down stock market.

[OhioBuckeye]

Yea & nothing nobody can do about it. But I’m sure lots of people will just drop their home Ins. To many claims turned in & passed on to everyone else to pay the ones that turned in claims!

[mstraveller]

Originally Posted by Tyrone Shoelaces

I would like to cancel and go "self insured"

Does your home have a new roof? What is difference with or without new roof. All the increase prices but no one mentions if they have a new roof?:

[Papa_lecki]

Originally Posted by Bogie Shooter

The dramatic increase in home values also contributes to the increase.

And two years of 8 to 9% inflation to buy the items to rebuild.

[Keefelane66]

Originally Posted by mstraveller

Does your home have a new roof? What is difference with or without new roof. All the increase prices but no one mentions if they have a new roof?:

My neighbor questioned replacing roof on his policy renewal quote by agent on policy would be $50.00 savings, roof currently 13 years young

[Michael 61]

Originally Posted by Bridget Eichaker

Michael wait until next year it will more than likely double

I’m sure - and I’ll cancel an shop elsewhere if/when that happens - but for the next year I’m happy.

[rsimpson]

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.

YES - Just received my first renewal notice from Progressive - Up from $724 to $1399 - no changes to coverage levels or any claims. Outrageous they I / We have to pay premiums for the rebuilding of waterfront homes on FL coasts that we do not own or enjoy. Those wealthy homeowners should be covering their premiums on their own.

[Flyers999]

Originally Posted by 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.

Galveston is right on the coast. It takes us 50 miles to get to a large body of water.

The solution here is easy. We all have to go back to work. Anybody need a weed puller?

[JMintzer]

Originally Posted by rsimpson

YES - Just received my first renewal notice from Progressive - Up from $724 to $1399 - no changes to coverage levels or any claims. Outrageous they I / We have to pay premiums for the rebuilding of waterfront homes on FL coasts that we do not own or enjoy. Those wealthy homeowners should be covering their premiums on their own.

You must not have been watching television after the hurricane hit. Most of the "wealthy homeowner's" homes only sustained minor damage. It was the much older, less expensive homes that were completely destroyed...