Home-Owners Insurance

» Site Navigation
Home Page The Villages Maps The Villages Activities The Villages Clubs The Villages Book Healthcare Rentals Real Estate Section Classified Section The Villages Directory Home Improvement Site Guidelines Advertising Info Register Now Video Tutorials Frequently Asked Questions
» Newsletter Signup
» Premium Tower
» Advertisements
» Trending News
» Tower Sponsors




















» Premium Sponsors
» Banner Sponsors
» Advertisements
Reply
Thread Tools
  #1  
Unread 11-23-2022, 05:38 PM
rmd2 rmd2 is offline
Veteran member
Join Date: Dec 2009
Posts: 706
Thanks: 4,574
Thanked 380 Times in 226 Posts
Default Home-Owners Insurance

Can anyone recommend a reasonable Home-Owners Insurance Company? I was with Tower Hill but now I notice they are requesting this year that we (1) in addition to paying our bill "contribute" money to the company in a separate account (2) give "power of attorney" to some financial issue of the company. I have never heard of either of these with any other companies and I can't imagine granting some company power of attorney over any aspect of my life.
  #2  
Unread 11-23-2022, 05:47 PM
retiredguy123 retiredguy123 is offline
Sage
Join Date: Feb 2016
Posts: 10,084
Thanks: 1,284
Thanked 9,166 Times in 3,398 Posts
Default

I have Progressive with The Villages Insurance. Very reasonable so far.
  #3  
Unread 11-23-2022, 05:53 PM
grecora grecora is offline
Junior Member
Join Date: Oct 2020
Posts: 8
Thanks: 0
Thanked 3 Times in 2 Posts
Default something fishy

I was with Tower Hill also. I received a letter from them in June, indicating they are pulling their homeowners insurance out of Florida at the end of December this year. I had to find another insurance company. The company I went with in September indicated that i should sign up right away, because their company is rationing the number of homeowners policies they can write to 600 for their agency.

I would call Tower directly and see if is legitimate.
  #4  
Unread 11-23-2022, 06:41 PM
Babubhat Babubhat is online now
Gold member
Join Date: May 2021
Posts: 1,284
Thanks: 237
Thanked 1,145 Times in 497 Posts
Default

Why bother with a company acting like they are doing you a favor? Get other bids. Start with Progressive
  #5  
Unread 11-23-2022, 08:13 PM
mtdjed mtdjed is online now
Gold member
Join Date: Jan 2009
Posts: 1,036
Thanks: 1
Thanked 710 Times in 212 Posts
Default

Quote:
Originally Posted by Babubhat View Post
Why bother with a company acting like they are doing you a favor? Get other bids. Start with Progressive
I just left Progressive thru the Villages Insurance after many years. No claims ever. My 16 YO 2000 Sq Ft home home went from $1700 in 2019, $2400 in 2020, $2700 in 2021, to over $4000 this year. Couldn't even get to talk with a Village Insurance rep unless I agreed to an appointment a week out. Cut the cord and went to Allstate. Couldn't get State Farm to quote (House roof over 15 years old). Kim wanted to cover with prorated coverage based upon roof age. Travelers not accepting new customers, etc. I was told rates higher due to roof replacements paid out and now higher since my roof over 15 years. Already got to pay for other customers roof but now have to pay for theirs and mine. What a deal.

S
  #6  
Unread 11-23-2022, 08:46 PM
Babubhat Babubhat is online now
Gold member
Join Date: May 2021
Posts: 1,284
Thanks: 237
Thanked 1,145 Times in 497 Posts
Default

Quote:
Originally Posted by mtdjed View Post
I just left Progressive thru the Villages Insurance after many years. No claims ever. My 16 YO 2000 Sq Ft home home went from $1700 in 2019, $2400 in 2020, $2700 in 2021, to over $4000 this year. Couldn't even get to talk with a Village Insurance rep unless I agreed to an appointment a week out. Cut the cord and went to Allstate. Couldn't get State Farm to quote (House roof over 15 years old). Kim wanted to cover with prorated coverage based upon roof age. Travelers not accepting new customers, etc. I was told rates higher due to roof replacements paid out and now higher since my roof over 15 years. Already got to pay for other customers roof but now have to pay for theirs and mine. What a deal.

S
Just keep looking. Received assistance from villages insurance in one day this week,

I switched 3 times in 6 years. Pricing makes no sense
  #7  
Unread 11-24-2022, 08:37 AM
Bay Kid's Avatar
Bay Kid Bay Kid is offline
Sage
Join Date: Feb 2013
Location: The Villages and the Northern Neck on the Chesapeake Bay, VA.
Posts: 4,596
Thanks: 1,411
Thanked 2,471 Times in 1,027 Posts
Default

Does it help get a better rate if you have a home and a rental?
  #8  
Unread 11-24-2022, 09:39 AM
justjim justjim is offline
Sage
Join Date: Feb 2012
Location: Illinois, Tennesee, Florida, Village of Caroline, Sanibel, LaBelle
Posts: 5,276
Thanks: 59
Thanked 1,007 Times in 397 Posts
Default

The two hurricanes this year will not help insurance rates in Florida. The Governor has called a special legislative session to discuss insurance issues. I think 12 is the number of companies who are already pulling out of Florida. It’s a major problem if you live near the coast. Look for higher rates when you get your next homeowners bill. We are currently with Travelers through Villages Insurance.
__________________
Most people are as happy as they make up their mind to be. Abraham Lincoln
  #9  
Unread 11-24-2022, 09:45 AM
justjim justjim is offline
Sage
Join Date: Feb 2012
Location: Illinois, Tennesee, Florida, Village of Caroline, Sanibel, LaBelle
Posts: 5,276
Thanks: 59
Thanked 1,007 Times in 397 Posts
Default

Quote:
Originally Posted by Bay Kid View Post
Does it help get a better rate if you have a home and a rental?
I would say no from my experience.
__________________
Most people are as happy as they make up their mind to be. Abraham Lincoln
  #10  
Unread 11-24-2022, 09:55 AM
kkingston57 kkingston57 is offline
Veteran member
Join Date: Mar 2020
Posts: 734
Thanks: 52
Thanked 285 Times in 177 Posts
Default

Quote:
Originally Posted by rmd2 View Post
Can anyone recommend a reasonable Home-Owners Insurance Company? I was with Tower Hill but now I notice they are requesting this year that we (1) in addition to paying our bill "contribute" money to the company in a separate account (2) give "power of attorney" to some financial issue of the company. I have never heard of either of these with any other companies and I can't imagine granting some company power of attorney over any aspect of my life.
Reasonable in Florida(especially on the coasts) is not in the dictionary. We received the same letter from Tower Hill and opted to stay with them. A lot of posters have said that they can get policies from other companies without problems. Not true for us and good for them. Suggest talking to the agent and have them explain what they asked you to sign. At this stage, be happy that you have not had a premium increase in the 2-3X range. We will all pay for the damages in the Fort Myers area.

Reasonable in Florida started to end in the coastal area of Florida after hurricane Andew in 1992. There are very few actual nationwide insurance companies in Florida.
  #11  
Unread 11-24-2022, 10:16 AM
Bogie Shooter Bogie Shooter is offline
Sage
Join Date: Sep 2008
Posts: 17,315
Thanks: 6
Thanked 3,834 Times in 1,757 Posts
Default

Quote:
Originally Posted by justjim View Post
The two hurricanes this year will not help insurance rates in Florida. The Governor has called a special legislative session to discuss insurance issues. I think 12 is the number of companies who are already pulling out of Florida. It’s a major problem if you live near the coast. Look for higher rates when you get your next homeowners bill. We are currently with Travelers through Villages Insurance.
Problem is, that’s all they do is discuss…………maybe some significant action would help.
__________________
The further a society drifts from truth the more it will hate those who speak it. George Orwell.
“Only truth and transparency can guarantee freedom”, John McCain
  #12  
Unread 11-25-2022, 06:31 AM
Suzay Suzay is offline
Junior Member
Join Date: Dec 2021
Posts: 21
Thanks: 0
Thanked 20 Times in 11 Posts
Default

Why would they request this if their pulling out of Florida?
We used them for years but last year they went from 1,200 to 1,900:no claims ,went with Farmers .last January. Same coverage was 1,050 this year it will be 1,260 dir to the hurricanes went up 18%.which is fine .everyone will be paying more when its time to renew
  #13  
Unread 11-25-2022, 06:52 AM
villageuser villageuser is offline
Senior Member
Join Date: Mar 2009
Posts: 136
Thanks: 486
Thanked 187 Times in 83 Posts
Default

My first thought is that this must be a scam, from someone else, NOT Tower Hill.

Regarding the home insurance situation, I’ve been looking at other insurance for our home and getting ridiculous supposedly competitive quotes of over $10,000. And I am right here, NOT in the coast. I was also told that some insurance companies have already reached their quota for Lake/Sumter counties and they’ll try again in January and see if something has changed. The insurance situation in Florida has truly gone crazy.
  #14  
Unread 11-25-2022, 07:05 AM
westernrider75 westernrider75 is offline
Senior Member
Join Date: Aug 2020
Posts: 146
Thanks: 99
Thanked 82 Times in 46 Posts
Default

Quote:
Originally Posted by Babubhat View Post
Why bother with a company acting like they are doing you a favor? Get other bids. Start with Progressive
We tried to get a quote from Progressive in September, they are not writing any new policies in Florida, at least at that time.
  #15  
Unread 11-25-2022, 07:10 AM
banjobob banjobob is offline
Veteran member
Join Date: May 2015
Posts: 573
Thanks: 3
Thanked 608 Times in 240 Posts
Default

Call Farmers Insurance for a quote , not State Farm , Farmers
Reply

Tags
company, home-owners, insurance, attorney, power


You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 03:47 PM.