[LauraC]

I noticed for the second year in a row, the predictions of hurricanes have not come to pass.

1) Do your insurance companies base your annual homeowners insurance payment increases on a prediction of hurricanes since the weather/climate people make these predictions well in advance and for the entire year based on their models or is it just based on history/inflation?

2) Do your insurance companies decrease your homeowners insurance in Florida when there are no hurricanes? You know, like car insurance, if you have no accidents for a period of time, your insurance rates go down. How about homeowners insurance in Florida when there are no hurricanes?

I don't live in Florida. I'm just curious.

[macguy]

Originally Posted by LauraC

I noticed for the second year in a row, the predictions of hurricanes have not come to pass.

1) Do your insurance companies base your annual homeowners insurance payment increases on a prediction of hurricanes since the weather/climate people make these predictions well in advance and for the entire year based on their models or is it just based on history/inflation?

2) Do your insurance companies decrease your homeowners insurance in Florida when there are no hurricanes? You know, like car insurance, if you have no accidents for a period of time, your insurance rates go down. How about homeowners insurance in Florida when there are no hurricanes?

I don't live in Florida. I'm just curious.

I just got my renewal yesterday and it came with a letter still crying about the two years of bad hurricanes. By the way, it went from $7200.00 to $8600.00. So much for it going down. I am not going to renew my wind storm anyway.

[bebette]

Laura, the insurance agent told me that the rates are based on past hurricanes and the fact that it is inevitable that there will be more.

Since we are thankfully, only down here for one year, we are renting, and even renters insurance is outrageous. Would you believe that the only company that the agent can get to write renters insurance is 'Lloyds of London' - the folks that insure the uninsurable????

And we had to have three separate policies: one for fire, one for wind, one for flood!!! And to top it off, you pay for a year and even if you use only one month and move, you receive NO REIMBURSEMENT!!

Just 107 more days and we'll be in Tennessee, and hopefully the insurance rates along with absolutely everything else, will be a bit better!!