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Old 07-03-2007, 07:46 PM
 
4,948 posts, read 17,920,823 times
Reputation: 2902

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In January there was a special meeting to solve the problem of home owners insurance. Today while I was watching the news at 5 p.m. I heard several insurance companies now are asking for rate increases up to 45 per cent?

Anyone else here this, so this session in January does not solve much of our problem. First it is real hard to get insurance, now the rates are going even higher.
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Old 07-03-2007, 07:53 PM
 
Location: Florida
2,209 posts, read 7,326,889 times
Reputation: 632
Why is it so hard to get insurance? We were the area hit by Hurricane Charley, we had a big claim and we have been renewed again and again. This renewal which is in the next 30 days is the same as last year which is about double what it started at in 2003.

No big deal.

Federated National out of Lauderhill, Ft Lauderdale.
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Old 07-03-2007, 07:57 PM
 
Location: Debary, Florida
2,267 posts, read 2,993,469 times
Reputation: 685
I have insurance through St. Johns.
My original amount was 1898 but then I was notified that it was going down to 1298...plus they let me pay it in 4 equal payments over the cource of the year.

Of course I won't know until December what my amount will be for the coming year of 2008.
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Old 07-03-2007, 09:59 PM
 
246 posts, read 983,562 times
Reputation: 68
Quote:
Originally Posted by Lisa_from_Debary View Post
I have insurance through St. Johns.
My original amount was 1898 but then I was notified that it was going down to 1298...plus they let me pay it in 4 equal payments over the cource of the year.

Of course I won't know until December what my amount will be for the coming year of 2008.
I am getting St. John's (dumped from AllState), my policy will be about $200 more than Allstate last year. In August 2006 it doubled from 2005. I was also happy to hear that you can make 4 payments, did like Allstate because you could pay monthly. Before it wasn't that bad to pay yearly, but now it's getting pretty expensive.
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Old 04-15-2008, 06:16 PM
 
3 posts, read 9,727 times
Reputation: 10
Today, I received a letter from Nationwide, letting me know my homeowners insurance will be going up next month. Since there was NO explanation of how much of an increase, I called them. They said the letter was a "courtesy" and the new rates would be posted next month. Is it me or do you all think this is BS. What courtesy when no mention of dollar amount, so for the next month I have to worry about whether I can afford my insurance? This is a farce.
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Old 04-15-2008, 06:30 PM
 
3 posts, read 9,727 times
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Bette, I am in Ocala. I cant believe I am complaining. My insurance last year was 676.13. I would fall apart if I got a 4500 premium.
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Old 04-15-2008, 06:32 PM
 
3 posts, read 9,727 times
Reputation: 10
does anyone have the link to check the ratings of insurance companys? Looking for A plus ratings but cannot find the link. Google no help.
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Old 04-15-2008, 07:09 PM
 
Location: Palm Island and North Port
7,511 posts, read 21,763,386 times
Reputation: 2856
I'm with Olympus and our yearly insurance is $767. Here's a helpful website that Gypsychic posted a while back.
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Old 04-15-2008, 07:13 PM
 
Location: Midwest
38,498 posts, read 24,207,261 times
Reputation: 10771
This is the link for insurance rates. Compare Homeowner's Insurance Rates

Good luck everybody. I guess rates are going up because of the recently release hurricane forecast.
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Old 04-16-2008, 07:53 PM
 
Location: tampa fl-Soddy Daisy Tn
192 posts, read 828,029 times
Reputation: 157
Quote:
Today, I received a letter from Nationwide, letting me know my homeowners insurance will be going up next month. Since there was NO explanation of how much of an increase, I called them. They said the letter was a "courtesy" and the new rates would be posted next month. Is it me or do you all think this is BS. What courtesy when no mention of dollar amount, so for the next month I have to worry about whether I can afford my insurance? This is a farce.
At least you got a letter, after 25 years with them our rental house was canceled in jan without notice. We found out last month due to the bank writing us that they would be buying insurance on the home, so got coverage it was $328 year, now it is $1385 yr same coverage. NWide is canceling our primary home in may, in 2003 premium was 600 yr, now 3875 with Universal only company that will write for us. This market is nuts, we can get cheaper insurance if we go buy a new home for 3 times our current payoff, then I could not afford the taxes, the payment, or the insurance. Another grand or two a year and we will be forced to leave the state.
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