Talk of The Villages Florida - Required Insurance Inspections to Change to New Company?

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- - Required Insurance Inspections to Change to New Company? (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/required-insurance-inspections-change-new-company-351642/)

Quote:

Originally Posted by melpetezrinski (Post 2352926)

Cost is $100-$200 and generally the homeowner pays but I got State Farm to absorb the cost. I switched to them maybe 6 months ago and the 1st year premium was $815.

Did you have to take a State Farm policy with a very high deductible too?

Quote:

Originally Posted by Lottoguy (Post 2353153)

I had the 4 point test done at a cost of $70.00 in order to get insurance with State Farm. I too was dropped by Farmers. Spent the last few weeks looking for something that was affordable and also a company that had a good reputation.

State Farm home policies have high deductibles thats why they are cheaper. Deductibles apply to each occurrence.

Quote:

Originally Posted by Bruceg0028 (Post 2353191)

We’ve been in TV for 4 years and had to buy new homeowners every year. This was due to rate increases and a cancellation by one after being with them for 30 days. All asked for wind mitigation inspection that I had done when we bought the house. Only 1 asked for the 4 point inspection. The inspection was $100. We started with Slide last year and they actually reduced my rate for our upcoming renewal in September. Shocked me! I can’t say anything bad about Slide but I have not made a claim. We keep our deductible at $5K. Our attorney advised us to set it at it where I could afford to pay out of pocket. Any small claim will make you uninsurable or send your rates through the roof. Good Luck.

Keep in mind that deductibles are applied to each occurrence. So if you had multiple claims in a policy year, you will pay $5,000 for each one plus any excluded costs. Most new Stare Farm policies require a % (5%?) the replacement value as deductible so part of the pricing game is the higher they set your replacement value, the higher your deductible & premiums will be. (Remember replacement value does not include the value of the land.)

We had an unwelcome reminder how quickly those costs can add up when we had 5 drivers with 3 teens on our State Farm auto policy once upon a time. Three auto claims in a year then they raised our rates followed by dropping us.We had had been with State Farm without any claims for decades before that year. No at faults & no tickets. Destroyed our brand loyalty to State Farm

Quote:

Originally Posted by Rzepecki (Post 2352836)

If we decide not to change/stay with Slide Insurance, our insurance agent has told us that any other company will require i) a 4pt inspection done within the last 12 months, and ii) a wind mitigation inspection before they will cover us.

Has anyone had experience with these inspections? I assume the homeowner would have to pay for them. Does anyone have any idea of the cost?

Or is this just a threat to get us to accept Slide’s coverage, which isn’t as good as Farmers’ was?

Call Abshier Insurance at 352-245-2423 for no obligation quote.

When we purchased our home in the Villages we had a wind midigation done because our home owners cost would be lower. When we refinanced in 2020 we had to have another wind midigation for the refi. We used LAB Pro Inspections Inc. out of wildwood. Phone number is 352-552-0610. At that time the cost was $90. Not sure what a 4pt inspection is.

My inspection took 15 min. and cost $125. Here is a form for 4 point inspection.
https://www.citizensfla.com/document...6-3a796c675a7f