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01-27-2009, 11:33 AM
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Senior Member
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Join Date: Sep 2006
525 posts, read 526,976 times
Reputation: 202
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State Farm pulling out of Florida
State Farm pulling out of Florida
I have State Farm Auto and Homeowners. I have had state farm auto for over 30 years and 24 years on my home. This stinks. 
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01-27-2009, 11:39 AM
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The prelude to Terrapin
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Join Date: Nov 2006
Location: FL
2,475 posts, read 1,882,425 times
Reputation: 607
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Quote:
Originally Posted by SouthernBelle3
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Maybe they know something we don't about our next hurricane season?   |
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01-27-2009, 12:33 PM
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In Limbo
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Join Date: Dec 2006
Location: Flamingo Park - West Palm Beach
6,231 posts, read 4,038,794 times
Reputation: 1673
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Quote:
Originally Posted by SouthernBelle3
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Just move to a different company. You might even find a better rate. When the _____ hits the fan, they aren't going to be more lenient on your or process your claim faster because of the lengthy of time you've been with them. The days of THAT sort of thing have been over for a long time.
But it's fine. I wish State Farm could be restricted from writing auto policies in the state now too. |
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01-27-2009, 12:45 PM
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Senior Member
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Join Date: Dec 2008
Location: Niceville, FL
1,117 posts, read 508,889 times
Reputation: 398
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I suspect it's another round in the game of chicken that all of the private homeowner's insurance companies have been playing since 2004.
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01-27-2009, 01:03 PM
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In Limbo
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Join Date: Dec 2006
Location: Flamingo Park - West Palm Beach
6,231 posts, read 4,038,794 times
Reputation: 1673
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Quote:
Originally Posted by beachmouse
I suspect it's another round in the game of chicken that all of the private homeowner's insurance companies have been playing since 2004.
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Even though I basically make my living dealing with insurance companies and know they have to deal with a lot of fraud, etc.... they'd have a heckuva lot less problems with their solvency if they did away with the BS "wind pool" model of business (wherein a casualty fund is only as solvent as the limited number of policies in a particular "pool"). |
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01-27-2009, 01:15 PM
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Senior Member
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Join Date: Dec 2006
2,305 posts, read 1,128,065 times
Reputation: 772
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Quote:
Originally Posted by TriMT7
Just move to a different company. You might even find a better rate. When the _____ hits the fan, they aren't going to be more lenient on your or process your claim faster because of the lengthy of time you've been with them. The days of THAT sort of thing have been over for a long time.
But it's fine. I wish State Farm could be restricted from writing auto policies in the state now too.
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I agree!! There are quite a few companies writing policies right now according to my agent, & as TriMT7 said, you might find an even better rate!! 
I think it stinks that insurance companies are allowed to write car (or other type) policies if they refuse to write homeowner's!! That's like a medical insurer saying..."ooops...we're not gonna cover thumbs anymore"!!! (Seems like they sure DO cover middle fingers though!!  ) |
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01-27-2009, 04:43 PM
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Senior Member
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Join Date: Apr 2006
Location: tampa fl-Soddy Daisy Tn
174 posts, read 195,124 times
Reputation: 97
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Well, then you guys will like this one. I called to see what premiums would be after I pay off our home in 3 months since we wanted to reduce our coverage to basically clean up the lot and put 80k in our pocket as we have another home. Well, you can't insure for what you want, you must insure for the replacement cost or you must go bare. No you can't assume any risk for yourself even with a waiver.
So I think FL will lose many retirees that are willing to take some risk for lower cost as that is no longer an option. BTW, no law just industry policy.  |
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01-27-2009, 07:48 PM
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Member
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Join Date: Nov 2007
Location: Plant City, FL
45 posts, read 36,233 times
Reputation: 34
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I have had state farm for 20+ years as my auto insurer, and was paying a mere 650 every 6 months for insurance in PA. Moved here and they hiked me to 1900 every 6 months...
they stink...I will be looking for a new company.
Shawn
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01-27-2009, 09:40 PM
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In Limbo
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Join Date: Dec 2006
Location: Flamingo Park - West Palm Beach
6,231 posts, read 4,038,794 times
Reputation: 1673
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Quote:
Originally Posted by svbusdriver
I have had state farm for 20+ years as my auto insurer, and was paying a mere 650 every 6 months for insurance in PA. Moved here and they hiked me to 1900 every 6 months...
they stink...I will be looking for a new company.
Shawn
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Yikes!!! 1900/6 months?! For one car or many? That is ridiculous! You are best to find an independent insurance broker who will be able to shop around a lot of quotes for you. |
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01-27-2009, 10:33 PM
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Senior Member
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Join Date: Nov 2008
Location: Fort Myers, Florida
1,300 posts, read 398,601 times
Reputation: 433
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Glad I never had them. Refused to insure me on my first car, dropped my mother after she hit a mailbox (they dropped a policy for something that minor)..... I have not had a good experience with State Farm auto..... so searched elsewhere for homeowner's.
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