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State Farm Raising Hurricane Deductibles to 5% in LA?
Posted on 3/27/14 at 3:01 pm
Posted on 3/27/14 at 3:01 pm
I received my policy renewal documentation in the mail today and noticed they are raising hurricane deductibles for all State Farm homeowners to 5%. Has anyone else gotten this? It can't be statewide, because this seems to be the first I have heard of it.
Do you think there is any recourse to this? I'm thinking about jumping ship if I can get a lower hurricane deductible somewhere else.
[URL=LINK ]
Do you think there is any recourse to this? I'm thinking about jumping ship if I can get a lower hurricane deductible somewhere else.
[URL=LINK ]
7
Posted on 3/27/14 at 3:05 pm to TigerRob20
Dang.
I'm curious... what was the change in premium with this change in deductible?
I'm curious... what was the change in premium with this change in deductible?
Posted on 3/27/14 at 3:08 pm to TigerRob20
quote:We're shopping around and I just got a quote from SF and it says 5%. Ridiculous
State Farm Raising Hurricane Deductibles to 5% in LA?
Posted on 3/27/14 at 3:15 pm to TigerRob20
I was told the rate remained at 2% for policy holders who also got their auto insurance from State Farm, but I don't know if that is really true.
Posted on 3/27/14 at 3:26 pm to TigerRob20
I have auto and homeowners with Farm Bureau of LA. 2% deductible for named storms. Give them a call. If you are in Lafayette I can give you my guys' contact info.
Posted on 3/27/14 at 3:29 pm to TigerRob20
It's statewide now according to my SF agent in BR.
Posted on 3/27/14 at 6:20 pm to TigerRob20
Not shocking. SF has been pushing to get out of the state. What's new.
Posted on 3/28/14 at 4:42 pm to TigerRob20
I heard the were trying to unload about .5 billion in property coverage and may be out of La. by the end of 2015.
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