[sunrico90]

Originally Posted by dusesean1986

...The Cheapest Homeowner Insurance is a home with no windows...and made of metal...simple right
lol

Climate control will be way expensive!!!! look at other options.. How is the weather in CA?

[dusesean1986]

Originally Posted by sunrico90

Climate control will be way expensive!!!! look at other options.. How is the weather in CA?

Never hot and Never Cold

[Christian11]

Originally Posted by sunrico90

Let's post our premiums:

House value: $250K
Insurance: $1,500.00 per year with full replacement cost and 2% deductible

Can you do your math??

2% of the damage is usually just "other peril" damage. You need to add 2% more for the hurrican deductible. That is a VERY high risk you are taking. You could become someone who lost his/her house.

One morning, the hurricane comes and then next day, you will be here, standing in line BEGGING the Salvation Army for a bag of ice or a bottle of water. YOU NEED THE BEST HOME INSURANCE COVERAGE YOU CAN GET!



This could be you, man. You need a fixed deductible, specially if 2007 turns out to be a rerun of the 2004/2005 hurricane seasons.

Honestly, there is no quick fix for homeowner's insurance. Suck it up and pay up. That is part of the "Sunshine taxes".

[sunrico90]

Originally Posted by Christian11

Can you do your math??

2% of the damage is usually just "other peril" damage. You need to add 2% more for the hurrican deductible. That is a VERY high risk you are taking. You could become someone who lost his/her house.

One morning, the hurricane comes and then next day, you will be here, standing in line BEGGING the Salvation Army for a bag of ice or a bottle of water. YOU NEED THE BEST HOME INSURANCE COVERAGE YOU CAN GET!

This could be you, man. You need a fixed deductible, specially if 2007 turns out to be a rerun of the 2004/2005 hurricane seasons.

Honestly, there is no quick fix for homeowner's insurance. Suck it up and pay up. That is part of the "Sunshine taxes".

Christian,

The 2% is what we can get in the area and that is the wind part. I only have a $500 for anything else. I don't worry about the little things in life, I like the area and I stay here and make the best.

Here is the difference between the person that has a positive attitude and you. I will be helping the people not sitting on the side line whining like a kid that lost his sucker.. Is shameful to post a picture of someone else misfortune to make a your point. Lacks credibility and respect for those individuals.

Many of us know what we want, others can't make their mind, they run, and they make excuses, and blame everything on everyone else.

If you can afford your place stay here, if you can't because you can't make ends meet move away.

I do understand your position, so enjoy what you have. Are you the one that came from Argentina? Made a career and now can't survive. WOW...

Just to sum your comments, we appreciate your views, respect your opinion, but we all have better things to do. Hasta la vista muchacho...

Hurricanes will come and go that is a fact. If you don't want to deal with the insurance and hurricane move away.....

[pianogal]

Is shameful to post a picture of someone else misfortune to make a your point. Lacks credibility and respect for those individuals.

Many of us know what we want, others can't make their mind, they run, and they make excuses, and blame everything on everyone else.

If you can afford your place stay here, if you can't because you can't make ends meet move away.

Wow..Sunrico...you said a mouthful here. Thank you!

[jbravo]

Shame....call them....maybe I got lucky....They are highest rated with Consumer Reports for consumers who were policy holders AFTER a claim.
As Consumer Reports states everyone likes there policy BEFORE a claim, you only know how good a company is after you need them.
Hope this help.

[sunrico90]

Starting in February, Allstate policyholders will be paying more for homeowner's insurance in Florida.

The Florida Office of Insurance Regulation approved Allstate Floridian Insurance Co. and Allstate Floridian Indemnity Co. to each raise rates 8.2 percent. For both companies, the increase is effective for new and renewal business as of Feb. 11.

Allstate Floridian originally requested a 22.5 percent average statewide increase. The original request from Allstate Indemnity was 33.2 percent.

Following a public hearing on Nov. 2, at which an OIR representative disputed aspects of the filing, the company amended its filing and lowered the rate requests to 19.1 percent for Allstate Floridian and 26.4 percent for Allstate Indemnity.

In both the original filing and the amended filing, the OIR accused Allstate of asking to charge for reinsurance it had not yet purchased; seeking to use any unexpected gains produced by policyholder premiums to further compensate its agents, rather than policyholders; and increasing its expense ratio, despite cutting 240,000 policies.

"There was little or no support for numerous aspects of this rate hike in both the original filing and in the amended filing," Insurance Commissioner Kevin McCarty says, "and the responses we received at the public hearing were not much better. However, these filings reflect rates that the office determined were justified."

Allstate Floridian last increased its rates by a statewide average of 16.3 percent and Allstate Indemnity last increased its rates by a statewide average of 24.4 percent in October 2005.

[lee16240]

Okay, this is regarding the Taxes and Value of homes, which is how this thread began.

From Homestead, FL and according to Miami-Dade County Rates:

House Value = $450K (3/2/2 car garage plus 2 car detached garage, land s/f is 16,800, built 1991)
House Taxable Value = $224K (this is what the taxes are based on). We bought the house for $285,000 in Mar 2004 and were hit with the new tax charges starting with the 2006 year because it takes a full year
(2005) before the new taxes kick in. The $450K value is only used as a selling point.

Cost of Taxes: $5K (with Homestead Exemption)
Cost of Insurance: $5K

Now, if someone were to buy my house for $450K this year (Dec 2006), the new owners will continue paying the tax rate of $5k that was based on a taxable value of $224k for year 2007, until a full year has passed (2007) and then, here comes the hammer to finger if you will, when the 2008 taxes are assessed, the taxable value will be now based on a much higher amount because the purchase price was $450K, so take away about $60,000 from the purchase price and you get a whopping taxable value of $390,000. So now the taxes for the new homeowner will be roughly $7,000-8,000 a year. OUCH, this is why houses are not selling right now.

[sunrico90]

Another possible increase to the folks in Tampa....

The failure of three Tampa insurance companies will mean an extra charge for many Florida home, condo and business owners on their insurance premiums.

For the second time this year, the Florida Insurance Guaranty Association will tack on a one-time, 2 percent surcharge on most property insurance policies to help cover a $232 million shortfall that the nonprofit agency inherited when it took over claims from Atlantic Preferred Insurance Co., Florida Preferred Insurance Co. and Southern Family Insurance Co. The companies were all part of Poe Financial Group of Tampa.

The three insurers were taken over by state insurance regulators during the summer. The Florida Insurance Guaranty Association covers claims for defunct private insurance companies.

Private insurers will pay their share of the deficit. Companies will charge the assessment to their customers to cover that cost. Citizens Property Insurance Corp. policy holders are exempt from the assessment, because Citizens is a state-backed company and isn't covered by the guaranty association.

The surcharge will be $20 for every $1,000 of premium paid, and could start appearing on insurance bills as early as April, said Michelle Lovern, the guaranty association's deputy director.

The guaranty association passed another 2 percent assessment in June, but the money raised wasn't enough to cover late-developing Hurricane Wilma claims submitted to the agency, Lovern said. The agency wasn't able to collect enough money from the three companies' reinsurers, which sell insurance for insurance companies, to cover the claims, she said.

The total claims from the Poe companies worked out to about $460 million, after initial estimates of between $250 million and $300 million, Lovern said. The agency wanted to avoid another assessment, but Lovern said it wasn't possible.

'We're a safety net and we really work hard to make the money go as far as it can,' Lovern said. ' ... You hope that you never have to use [an assessment], but unfortunately sometimes you do.'

Moderator cut: cut

[CURT]

Originally Posted by Christian11

Can you do your math??

2% of the damage is usually just "other peril" damage. You need to add 2% more for the hurrican deductible. That is a VERY high risk you are taking. You could become someone who lost his/her house.

One morning, the hurricane comes and then next day, you will be here, standing in line BEGGING the Salvation Army for a bag of ice or a bottle of water. YOU NEED THE BEST HOME INSURANCE COVERAGE YOU CAN GET!



This could be you, man. You need a fixed deductible, specially if 2007 turns out to be a rerun of the 2004/2005 hurricane seasons.

Honestly, there is no quick fix for homeowner's insurance. Suck it up and pay up. That is part of the "Sunshine taxes".

i'm not sure i understand whats being said about the 2% dedutible. The deductible is not 2% of the damage the deducible is 2% of the dwellings insured value. if you have 50000 worth of damage, the deductible is not 2% of this. if the coverage on the dwelling itself is say 150000, the 2% is based on that number. the deductible would be 3000. the first 3k of repairs is out of pocket.
is this what you are saying and I'm just not understanding?