Quote:
Originally Posted by Byte1
Sounds about right(or absolutely wrong as far as business practice is concerned). We have Farmers and we are being dropped as of the end of our coverage in Oct. We were also told that the agent is now selling Slide insurance. Tired of going through new companies just about every year or two, when we have NEVER made a claim. Tired of jumping through costly hoops of new roof, new water heater, WM report, etc. Florida has been nice, but we are now looking at moving back to the mountains. I can deal with cold weather, but I don't like the idea that everyone in The Villages is too old to realize they are being taken advantage of. Although, it seems everyone in Florida is being beat up by home owners insurance. Never heard of Slide insurance before, but the agent (formally Farmers) was pretty decent in the past, so maybe-maybe the company he is representing now will be OK too. Hopefully, I will be able to sell this house before my insurance expires. Enjoyed Florida, but I worked hard for my money and I am not in favor of other folks finding new ways for me to throw it away. If I am going to waste money, I would rather use it on entertainment and/or food. It doesn't seem like a useful way to spend money when I have to pay for a new inspection of my home or replace something that is working perfectly fine, in order for someone to insure my home.
Short answer: Shop around, but don't expect much of a different result.
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Having very similar thoughts about the total situation. Florida natives here, but it's really getting to weight on us. The villages usually paints a happy face on everything, but they can control the insurance industry. All they can do is notice the market is declining so their must be others that fear the falling prices will catch them and the will be unable to sell (in our village a house once had a sold sign LESS than 3 weeks after it went on the market); very different presently. But you are correct, we've been through all the insurance shopping every year, the expense of a new roof when a legitimate (non sales, non insurance) related experienced roofer told (and showed !) us why there was no reason to replace our roof...perfectly sound. We had wind mitigation inspection also (could not find the bill but seems it was under $200), and on and on. We've been doing a lot of research on possible moves. As we age, it gets more difficult every year to face such a major event, and as I mentioned, homes of the same model and amenities to ours are selling for less every month. It's a dilemma. Went to undergrad and grad school out of state and after living in several states due to career moves, could not wait to return to Florida....now, even though we prepared very carefully for retirement financially (we thought), who anticipates prices rising by 200, 300, percent and more (and certainly many more expenses than just insurance) ? From our research (and actual visits) to several alternatives now, I can tell you be very careful. Relatives moved to golf community in Arkansas and after two years encountered the very same circumstances: door knocking roof "inspectors" promising "free" roofs and low insurance premiums, people in their neighborhood being dropped by the companies at alarming rates, changing insurance yearly and paying 200% increases to companies they have never heard of and have no idea IF they would even be financially able to pay off should their be a claim. Never been a fan of federal government controlling out of control situations, but, neither do I have any solid solutions.
07-25-2024, 10:45 AM
Required Insurance Inspections to Change to New Company?
