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re: Hazard Insurance

Posted on 3/3/14 at 1:31 pm to
Posted by blueboxer1119
Baton Rouge
Member since May 2013
8052 posts
Posted on 3/3/14 at 1:31 pm to
I'm currently insured with American Strategic Insurance through Mid-South Insurance.

$2540 for the year. I paid $1014 last year.

I got Banner Insurance to quote me from 2 different companies, Lighthouse & Imperial, and both came back under $1100 / year.
Posted by tiger94gop
GEISMAR
Member since Nov 2004
2923 posts
Posted on 3/3/14 at 4:33 pm to
You want to make sure you are comparing apples to apples. Same coverages, dedcutibles, etc. Some mortgage holders won't allow large hurricane deductibles without the supplemental policy from La Citizens. That isn't cheap.
Posted by Slickback
Deer Stand
Member since Mar 2008
27690 posts
Posted on 3/3/14 at 7:40 pm to
ASI took huge rate increases. They discovered they are not rate adequate. Expect increases if you are with ASI. Mine went from $900 to $1400.

With that big of a rate increase you need to call your agent. That is more than a rate increase IMO. Something changed on your policy other than a typical rate increase IMO.

If any of you are with Bankers, hang on. They are going up drastically too.
Posted by Slickback
Deer Stand
Member since Mar 2008
27690 posts
Posted on 3/3/14 at 7:41 pm to
quote:

I got Banner Insurance to quote me from 2 different companies, Lighthouse & Imperial, and both came back under $1100 / year.



Those companies are fine as long as you don't have to file a claim.
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