Q. We are very upset that our insurance company canceled our homeowner’s policy. We contacted a few companies, but they’re not interested in insuring our coastal ...
They were going to raise my homeowner's policy for no reason at all ... I was under the impression this is what the homeowners insurance was for. I am very upset.
Why You Shouldn't be Upset With All Florida Homeowners Insurance Companies ... are two distinct groups of homeowners insurance ... to keep in mind to obtain the very ...
... by my homeowner's insurance ... been very happy with Progressive for a number of years with my auto insurance and we were purchasing a home and needed homeowner's ... Im upset ...
... homeowners insurance company wouldn't give them very much, if any work in the future. The adjuster's ... very upset with them. By 8:00am I got a phone call from my insurance ...
... bounce it back to my homeowner's insurance ... NOT go after their homeowners insurance. One, a claim *will* affect my friend. At the very ... would not be upset at my friend ...
Every single interaction with their CSR's is a very ... At this point I was very upset, as a.) she had not ... She added my homeowners insurance and saved me a bundlle over my ...
mbrcatz 6:27 pm on August 31, 2010
This has happened to LOTS of people, practically EVERYONE in Florida!
There are basically three reasons for seriously increased premiums:
1. One of your major systems – heating, plumbing, electrical, roof – has become over 20 years old without being updated
2. There has been significant claims activity on the policy – two or more claims in the past three years – apparently not the case with you
3. Your credit score seriously dropped, like maybe 150 or 200 points.
The only other reason a company would raise rates THAT high, is if they’re trying to stop writing insurance in that state. One way they do that, is be "encouraging" clients to go elsewhere by raising the rates.
zeuz 6:27 pm on August 31, 2010
Time to find another HO insurance company.
Bailey S 6:27 pm on August 31, 2010
Has your area changed flood status (Check FEMA.gov), has your credit scores decreased recently and has your replacement value increased substantially from your previous policy to this one?
mar c 6:27 pm on August 31, 2010
you have,for some reason,fallen into a higher risk category,maybe some credit issues,,,,,,,,,
jlf 6:27 pm on August 31, 2010
You need to find out why instead of just ranting. Pull out the dec page from last year’s policy and compare it to the new one, line by line. Where are the big increases?
car253 6:27 pm on August 31, 2010
Maybe you lost a discount you were getting, like multi-line or Home Security discount for something else.
Take a higher deductible and ask how you can get more discounts to lower your premium. Or, if that doesn’t work, just shop around.