[Girlcopper]

Originally Posted by Madelaine Amee

Nasty surprise. Not unexpected I suppose considering all the major storms across the country this year, but if people are having to live on SS this has to be a major burden for them.

Few dollar increase. No big deal. And hopefully most people have a nest egg besides SS after working their entire life

[KRM0614]

Originally Posted by spofford

Coverage with Foremost up 20%. Any suggestions??

Try progressive direct they own ASI
I have a home not a Villa and lay $460- and also can set the contents coverage

Don’t buy insurance from the villages they mark it up 100%

[Bass56]

Received my renewal for my home insurance policy. Went up 300.00 for the next year. Shopped around and got the same coverage from progressive for 400.00 less. Shop around.

[christine J Toft]

Having watched the majority of homes on my mother's street get new roofs as "storm damage" (also known as fraud) I understand why. She paid for her own. As she should have. These roofs were almost 25 years old. Everyone is affected by this with insurance increases. This is happening all over The Villages. I blame the home owners as much as the roofing companies.

[Raceone]

I just paid my renewal in October. I shopped for like coverage & found that
Lower premium equals lower coverage. Increase $430!

[Dana1963]

Originally Posted by KRM0614

Try progressive direct they own ASI
I have a home not a Villa and lay $460- and also can set the contents coverage

Don’t buy insurance from the villages they mark it up 100%

We experienced the same with The Villages Insurance. The answer we received when questioning rates was ”that's the way it is”. We were changing policy like for like from another agency same insurance provider.

[wiltma]

Originally Posted by Madelaine Amee

Nasty surprise. Not unexpected I suppose considering all the major storms across the country this year, but if people are having to live on SS this has to be a major burden for them.

Down $20 and I got a new roof

[wiltma]

Originally Posted by retiredguy123

In my opinion, all the stories about why homeowners insurance rates go up are pure speculation. Even the agents who sell the policies have no clue about why a company will choose to raise a customer's rate by 20 or 30 percent. And, I don't think the agents have any knowledge or power to influence a company's rate. The only way to save money is to shop around for the lowest rate regularly and be willing to change companies. Also, I think that being a loyal customer will not help you. Rather, it will make you a target for premium increases. The industry calls it "price optimization", raising rates on loyal customers because they don't think they will change companies.

I disagree. I’ve been with First Floridian Travelers for 17 years here and Travelers for 20 years in Connecticut and rates rarely raised. Just got a new roof and premium went down $20. And don’t forget it is not only the amount you pay but the service you get. Doesn’t do any good to pay less but have to struggle over getting a claim paid.

[vitacr]

It pays to shop - ours jumped 25% - changed companies & cut the premium in HALF.

[worahm]

My 2020 house insurance bill was $2340.00. Just received the 2021 policy and the annual premium doubled, $4695.00. I contacted the broker and was told that all home policies will drastically increase due to the number of huracanes and new rules concerning replacing roofs. Needless to say St. Johns insurance company will not be insuring my house next year. Oh, By the way, in the 23 years i have lived here, I have never made a claim on my house insurance.

[rugbyjohn]

Just got our insurance bill for next year. It was for American Integrity through the Villages Insurance and went from $1450 to $2700. REALLY! Went back to Villages Ins. through an insurance rep. recommended to me. He shopped it for me and got me better coverage for a little less than what I paid last year. I did a little shopping on my own and could not get the sink hole coverage I currently have. (New policy has it). The Villages Insurance rep I dealt with told me that they are getting slammed by huge increases to policies written by American Integrity. Either American Integrity is attempting to get out of insuring in this area or they have been hammered by payouts due to gulf coast hurricanes or they have suffered thru the current roof scam going on in the Villages. If you have American Integrity pay close attention.

[CFrance]

Originally Posted by spofford

Coverage with Foremost up 20%. Any suggestions??

After a $30 increase last year, we got our AIG bill last week--went from $735 to $1350. Needless to say we shopped around and got insurance with Farmers for $800 for the exact same coverage. When the woman at The Villages insurance office asked why we were dropping AIG, my husband said, "Never in my entire life have I received a rate increase of that magnitude." She said we weren't the only ones dropping them. She also said all the new roofs were the probglem.



They for sure aren't going to use a rate increase on us to pay for others' new roofs.

[cassjax2]

Did you have your roof inspected? If so, that may have something to do with increase. Everyone I know in our neighborhood who had roof inspections also had increased in insurance.

[CFrance]

Originally Posted by cassjax2

Did you have your roof inspected? If so, that may have something to do with increase. Everyone I know in our neighborhood who had roof inspections also had increased in insurance.

If you're speaking to me, we never had our roof inspected. In fact, sent the person ringing our doorbell away.

[Byte1]

Yep, mine went up about 30%