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Old 06-13-2012, 06:47 PM
 
Location: Cape Coral, FL
646 posts, read 845,709 times
Reputation: 356
Default Homeowners Insurance ^

Anyone else get a sweet little letter saying their FL homeowner's insurance went UP, AGAIN.



Good grief. When do people get a BREAK?
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Old 06-13-2012, 08:24 PM
 
Location: FL
7,102 posts, read 3,123,050 times
Reputation: 1410
Quote:
Originally Posted by CCRESI View Post
Anyone else get a sweet little letter saying their FL homeowner's insurance went UP, AGAIN.



Good grief. When do people get a BREAK?
Haven't got one yet but mine isn't up for renewal yet. It went up $2,000 last year and better not this year.
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Old 06-13-2012, 08:40 PM
 
Location: Cape Coral, FL
646 posts, read 845,709 times
Reputation: 356
Insane, isn't it?



I read that it could raise rates this year up 30%. In that case, I would expect a few short sales and foreclosures. My mortgage went up nearly 200/mth last year and another $50 this year. I can't imagine those that have a more expensive and risky home.
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Old 06-14-2012, 07:26 AM
 
299 posts, read 501,374 times
Reputation: 147
post your companies and rates, let's find a better company !!
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Old 06-14-2012, 03:32 PM
 
Location: 51% - 49%: Cape Coral, FL and Robesonia, PA
918 posts, read 950,305 times
Reputation: 555
Yes, something about new sinkhole coverage that's been mandated PLUS their own increase. I've contacted a new company to get a new rate quote and will post my current coverage when I get home.

I feel violated. Dirty Bastids.
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Old 06-14-2012, 09:11 PM
 
Location: Cape Coral, FL
646 posts, read 845,709 times
Reputation: 356
I would really like to do something about this.

I'm not changing companies during hurricane season, but once it is over, I'll be on the search for a new company and some answers.

I don't understand why they continue to raise the rates here, we haven't had weather issues since 2005. What are they doing with all the money they pocketed from everyone since then?? Paying for those that lost power, or down lines up North from last Aug Hurricane? My friend lost a roof, and her INS hasn't gone up! Meanwhile my home is 50yrs newer than hers, built up to the LATEST codes and just on the line of a flood zone. BS! Just because we live in FL doesn't mean we should pay out the WAZOO for our homeowner's insurancce. What do people pay in CA for Earthquakes or KS for tornados?

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Old 06-15-2012, 07:25 AM
 
39 posts, read 34,512 times
Reputation: 24
Just curious...what is high to you. We pay 1300 in n fl, 2000 in nj. For a1200 sq ft home
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Old 06-15-2012, 09:46 AM
 
Location: Cape Coral, Florida
693 posts, read 856,962 times
Reputation: 311
I just got my updated premium and mine actually went down $62 for this year. I own my home outright so there is no mortgage company to mandate sink hole insurance. I figured the house has been here for almost 60 years, probably not going anywhere. Just got flood and regular old homeowners its just under 2500 for the year now. 1400 sq ft, pool, direct access about a mile South of Midpoint and half mile to the river. I do not know the particulars on the flood plain info.
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Old 06-15-2012, 02:02 PM
 
Location: Powell, Oh
1,845 posts, read 1,801,140 times
Reputation: 999
Quote:
Originally Posted by CCRESI View Post
Insane, isn't it?



I read that it could raise rates this year up 30%. In that case, I would expect a few short sales and foreclosures. My mortgage went up nearly 200/mth last year and another $50 this year. I can't imagine those that have a more expensive and risky home.
The sunshine tax keeps increasing, eh?
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Old 06-15-2012, 02:08 PM
 
2,597 posts, read 1,932,347 times
Reputation: 3416
in response to the person for NJ, at its highest mine was $4000+ for a 2000 sq foot home with pool.

Expect as the house values go up - if they do, then insurance and taxes will as well.
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