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My Amica homeowner's rate did go up a bit this year. Maybe 6%? I didn't call to inquire why because we had a claim from last January's ice storm (within five months of moving into the house). I assumed the two were connected, since our rates went up similarly when we were with Traveler's and had to file after a tornado destroyed our roof and other property. Both weather events affected a fair number of people.
FWIW: Having filed claims (between $6,000-$20,000) with three different insurance companies, I would go with Amica every time. They were really no BS when it came to payouts and advocating for our best interests. Also: We have terrible weather luck when it comes to our homes.
FYI just got off the phone with Amica. They will send a consent to rate form if you hit the threshold for where it is required. I believe they said this is just within the past year they started doing it.
Also both my current insurance company and Amica confirmed that the increases in homeowners is due to claims from the hail storms. So I'd like to once again thank all the people replacing their end-of-lifed roofs due to some minor hail damage. You're welcome for my contribution to your new free roof.
So I'd like to once again thank all the people replacing their end-of-lifed roofs due to some minor hail damage. You're welcome for my contribution to your new free roof.
Keep in mind insurance adjusters prorate the payout of a new roof based on remaining life of existing roof.
Going to revive this thread to mention that while I still have not received a CTR form from Amica, my homeowner's insurance premium is going up 15% this year after always being in the ~4% range since we switched over to them about 7 years ago. Asked them about it and they said it was due to increased damage claims in the southeast, which isn't totally surprising considering the weather events we've had around here.
May still shop around, but I'm reluctant to give up my non-CTR status, as it sounds like just about anybody I'd switch to would require it.
Going to revive this thread to mention that while I still have not received a CTR form from Amica, my homeowner's insurance premium is going up 15% this year after always being in the ~4% range since we switched over to them about 7 years ago. Asked them about it and they said it was due to increased damage claims in the southeast, which isn't totally surprising considering the weather events we've had around here.
May still shop around, but I'm reluctant to give up my non-CTR status, as it sounds like just about anybody I'd switch to would require it.
When I first started this thread I thought CTR was a big deal, but now I really think it's a non-factor. If you don't sign it you'll be dropped, and then you may end up paying more through another company.
They all do it - especially with all the storm claims (legit and not).
When I first started this thread I thought CTR was a big deal, but now I really think it's a non-factor. If you don't sign it you'll be dropped, and then you may end up paying more through another company.
They all do it - especially with all the storm claims (legit and not).
Agree, it's not a very big deal (I thought it was too, when State Farm hit me with it a couple years ago). Fact is that you can cancel your policy at any time, so if you are asked to sign a CTR, then sign it, and then shop around. If you're not asked, you should still shop around on occasion.
There really is no downside to signing, as long as you can cancel without penalty.
Going to revive this thread to mention that while I still have not received a CTR form from Amica, my homeowner's insurance premium is going up 15% this year after always being in the ~4% range since we switched over to them about 7 years ago. Asked them about it and they said it was due to increased damage claims in the southeast, which isn't totally surprising considering the weather events we've had around here.
May still shop around, but I'm reluctant to give up my non-CTR status, as it sounds like just about anybody I'd switch to would require it.
I work in insurance, although on the auto, not the property side. For my company, the recent hurricanes were not nearly as bad as were anticipated from a claims perspective. However, two major storms in 3 years has us perilously close to Florida-panicky territory and they are raising rates in anticipation of more such storms in the future.
Agree, it's not a very big deal (I thought it was too, when State Farm hit me with it a couple years ago). Fact is that you can cancel your policy at any time, so if you are asked to sign a CTR, then sign it, and then shop around. If you're not asked, you should still shop around on occasion.
There really is no downside to signing, as long as you can cancel without penalty.
Never thought the CTR was a big deal since you can cancel your policy at any time! Of course, before cancelling, you must have a new policy in place.
With the different companies charging such different rates, we should all take a look at our policies yearly.
Wanted to dig a past Amica thread up to say that I got in a 6 car wreck last week on 440 and totaled my car. Amica has been a total breeze to deal with and the settlement offer on my car was $3,000 more than the Kelley Blue Book value. Definitely would recommend for anybody!
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