State Farm is dropping Florida - homeowner's

[SnoopyCool]

State Farm

And wouldn't you know State Farm is who we have for our homeowner's insurance. This is about the five-billionth thing that life has thrown at us in the past 5 months.

Anyway, the news said that SF paid $1.21 out on every dollar they took-in here. That definitely won't work! So I'm shopping. If you live in FL, who do you have? I'd hate to go with Citizen's, but that may be the only doors open down here.

[MonkeyMama]

Not in Florida but Allstate just dropped my grandma-in-law in Cali. I forgot who she went with. Hmmmm. It was a big name and they were very pleased. (Bugs me I can't remember now). Dropped for fire danger!

Anyway, I wouldn't recommend Allstate? They are pruning too.

[Goldy1]

My mom mentioned me moving from MI to FLorida last night since I may be able to get a teaching job there. Problem is my home is almost paid off in MI so getting a lower wage job might make me more affulent in MI than getting a low wage job teaching in Florida. (MI teacher make more than FLorida teachers but there are no jobs in MI)
I told her the increase in homeowner's and auto would negate a lot of benefits. She says "Oh you can get hurricane windows" yea she said she paid 10 grand for one really big hurricane window. Yea like I dont' have better things to with that money like I dont' know eat. lol

[SnoopyCool]

MonkeyMama - I just called Allstate and they gave us a quote. It isn't written by them, but I'm looking up the AM Best rating on the guys who write it. We have at least 9 months, but I'm not waiting.

[melissa15531]

Soon the government will have to insure our homes to. i love how these companies take our money and then either dump us or just plain don't cover us. I have state farm in PA and they are ok except everytime you want to change or add coverage you have to pay your bill in 3 installments to do the changes. My monthly bill is never the same amount with them. NEVER! I have been with them for 15 years.

[cantretire]

I've heard some insurance companies are now ditching Homeowners insurance in New York claiming that we are 'due' for a major hurricane. I'll have to find out which one(s).

[momof1in150]

Originally Posted by cantretire

I've heard some insurance companies are now ditching Homeowners insurance in New York claiming that we are 'due' for a major hurricane. I'll have to find out which one(s).

They have done this is RI. If I didn't already have a rental policy with USAA when we purchased our home I wouldn't have been able to use them for homeowners. They say that we are due for a big hurricane and too much of a risk.

[kork13]

Shoot, I'm here in Florida and I had to get a manager to over-ride the system just so that I could get renter's insurance! And they said the only reason they did that was because I'm here with the military, so I have "no choice" about living in FL (not that I'm complaining). I'm glad I don't have to try to get homeowner's down here... might be impossible.

I maintain that the best solution to mitigate the threat of catastrophic home losses due to hurricanes is to require that all homes built in high-risk areas (I'm talking building code changes) be done with reinforced concrete, cinder block, or some other material (how do brick homes do? I have no idea...) that will actually withstand hurricane winds and blowing debris.

I've experienced literally dozens of typhoons (hurricanes) of all strengths (up to 200 mph winds), and I can tell you for a certainty that those are the only homes that you can confidently say will not be destroyed. Oh, and concrete (unlike wood) also does not burn, so they're safer in that respect as well--fire damage is less likely to be catastrophic. But that's just my personal soapbox, so I'll step down now...