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Old 05-13-2014, 04:09 PM
 
Location: Palm Island and North Port
7,486 posts, read 19,934,815 times
Reputation: 2804

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I don't usually plug businesses but I thought the quote I got from this company was so incredible I needed to share the info.

One of my business associates has been raving about Parquette & Assoc for a few months now. He kept bugging me to let them quote my insurance. I told him that when I got my insurance for my house on Palm Island last June I called over 15 companies and I got the cheapest rates, best companies, etc. So, I reluctantly called and gave them my info to give me a quote (I spoke with Kim Wilson, 941-235-7776). I told the new company to quote me on the exact same coverage, so I was getting apples to apples. I was blown away! Here's what I found:

Palm Island old homeowners quote: $3330/yr
Palm Island new homeowners quote: $1264/yr

Palm Island old flood quote: $3824/yr
Palm Island new flood quote: $2164/yr

North Port home old homeowners quote: $967/yr
North Port home new homeowners quote: $859/yr

Like I said, I just thought I'd pass along the info since the rates and the companies were so terrific. Hopefully it helps someone save some money
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Old 05-13-2014, 04:29 PM
 
747 posts, read 759,778 times
Reputation: 353
Who's the actual carrier? Are the exclusions 100% identical?
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Old 05-13-2014, 06:07 PM
 
1,917 posts, read 1,992,798 times
Reputation: 717
I curious how your flood insurance could be lower?

Gary
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Old 05-13-2014, 06:09 PM
 
Location: Palm Island and North Port
7,486 posts, read 19,934,815 times
Reputation: 2804
New Palm Island flood quote is with Old Dominion Insurance company
New Palm Island Homeowners is with Federated National
New quote for the home in North Port is with Ark Royal

Old Palm Island flood quote is with Service Insurance Company
Old Palm Island homeowners quote is with Frontline
Old North Port quote is with UPC Insurance

Yes, same deductibles, coverage, etc.
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Old 05-13-2014, 06:36 PM
 
Location: Palm Island and North Port
7,486 posts, read 19,934,815 times
Reputation: 2804
Quote:
Originally Posted by MartyGras View Post
I curious how your flood insurance could be lower?

Gary
That's what I was thinking because they're all backed by FEMA. I'm assuming it has to do with a difference in commission. I'll ask her tomorrow.
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Old 05-13-2014, 06:37 PM
 
Location: Anthem, AZ
2,118 posts, read 3,015,334 times
Reputation: 655
Isn't flood priced at and sold by NFIP through the broker? How can that differ so?
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Old 05-13-2014, 07:39 PM
 
Location: Palm Island and North Port
7,486 posts, read 19,934,815 times
Reputation: 2804
All I can think is the commission. I sent her an email asking her. I'll let you know what she says.
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Old 05-13-2014, 09:23 PM
 
747 posts, read 759,778 times
Reputation: 353
might want to triple check that they have all the specs to your home same as current carrier (assuming the latter is correct to begin with). or, have them guarantee that premium with a binder that can't be changed. then you'll really know.

i had insurance priced out that went the other direction--waaaaaaaay up. turned out they had wrong info. little things here & there add up to increased premium. or, vice versa if not enough info or the wrong info. $50 here and a $100 there, it adds up.
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Old 05-13-2014, 10:40 PM
 
241 posts, read 401,116 times
Reputation: 118
I just got my homeowners with Tower Hill and it was cheaper than with Federated (who I had last year) by about $150. Federated did not do flood, can't remember off hand who I had it with. Tower Hill however does do flood. My new flood quote switching flood as well over to Tower Hill made the flood stay the same, but they gave me a discount for having both homeowners and flood with them. That discount was $105.00 back in my pocket.
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Old 05-14-2014, 12:59 AM
 
Location: PGI-finally here!!!!!!!!!!
325 posts, read 374,353 times
Reputation: 127
Insurance in Fl. seems like a scam. Oh on second thought never mind.
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