- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Anyone have experience with Centauri insurance?
Posted on 2/26/13 at 10:09 am
Posted on 2/26/13 at 10:09 am
The quote they gave me was a little higher then what my current home carrier is, but they have a flat 1K deductible and no named storm deductible. I've never heard of the company before, and can't seem to find anything good or bad about them online. I have to find a new carrier in the next month or so due to my current carrier cancelling all polices in LA.
This post was edited on 2/26/13 at 10:11 am
2
Posted on 2/26/13 at 12:24 pm to Glock17
No named storm deductible = no named storm coverage.
I'd stay far away from this no-name company.
I'd stay far away from this no-name company.
Posted on 2/26/13 at 12:44 pm to TDsngumbo
quote:
No named storm deductible = no named storm coverage.
I'd stay far away from this no-name company.
fricking Idiot.
OP, who you with now? How long you been with them? NM.
Where's your home at? How much coverage? How old is your home?
This post was edited on 2/26/13 at 12:45 pm
Posted on 2/26/13 at 12:49 pm to TDsngumbo
quote:
No named storm deductible = no named storm coverage.
Are you stupid?
Posted on 2/26/13 at 12:58 pm to Golfer
quote:
Are you stupid?
stay far away from him as possible.
Posted on 2/26/13 at 1:04 pm to Chad504boy
And he used to work for State Farm?
LINK
quote:
State Farm - I used to work for them so I know the ins and outs.
LINK
This post was edited on 2/26/13 at 1:05 pm
Posted on 2/26/13 at 1:05 pm to Golfer
holee shite, like a good agent state farm is there.......
with a hot tub
with a hot tub
Posted on 2/26/13 at 4:31 pm to Chad504boy
quote:
who you with now? How long you been with them?
Farmers.... leaving LA....been with them since I bought tbe house 5 years ago.
Posted on 2/26/13 at 9:23 pm to Chad504boy
Hey assfricks, my experience with the insurance industry is that with no-name companies such as this one, 9 out of 10 times they will mislead you into thinking the fact that there's no named storm ded means there is still coverage. Who the frick in their right mind will issue a homeowners policy in south Louisiana with named storm coverage but not have a deductible for it!? If they do that, I can promise you that you will get better coverage with Allstate, State Farm, Farmers, USAA, etc.. If you don't believe me, good for you. I know I'll never go with a small company like the one in the OP because of what I know about them. That's all I was saying.
Posted on 2/26/13 at 9:45 pm to TDsngumbo
I'm looking at my policy with Gulfstream that has a flat $1k deductible. It covers named storms.
Posted on 2/27/13 at 9:04 am to Golfer
LINK
LINK
LINK
LINK
Net Underwriting Gains:
2009: -$5,116,000
2010: -$10,761,000
2011: -$1,303,000
2012: -$1,178,000
Underwriting PROFITIBALITY has steadily decreased since 2010.
As I said before, these no-name companies are not companies you want to go with. They are take-out companies who write the majority of their business with homeowners who live in horrible risk areas and who have had multiple losses in the past. This equates to these companies going belly up as soon as the next major hurricane hits. Reinsurance can't and won't bail them out and they ultimately will have to leave the state, go belly-up, or get bought out by another company and undergo a name change. 75%-90% of the time, this action leaves the policy holders shopping for new insurance at a time when NO major company (State Farm, Allstate) is writing business in your area. You are forced to go with another no-name company because they are the only ones writing business in your area after the catastrophe. It's a never-ending cycle.
That's IF they do cover your damage caused by a named storm. Lots of times they will find reasons to not pay it.
As I said before, y'all can choose to believe me and laugh at me if you want, but you're the ones with these types of companies.
Farmers is a medium-sized company compared to State Farm and Allstate and even they couldn't stay in Louisiana for the long-haul. That should tell you something...
quote:
Mr. DeRosa has significant experience in forming and operating "take-out" property and casualty insurers writing homeowners insurance
quote:
"We're at the mercy of the reinsurance community," says Philip DeRosa, president and CEO of Gulfstream Property and Casualty of Sarasota, which is seeking a 57 percent rate hike.
quote:
57,000 policyholders.
quote:
Gulfstream initially intends to take out about 70,000 policies from Citizens, DeRosa said, with an agreement to take out a total of 120,000 policies over 18 months.
LINK
quote:
Capital and surplus: $13.9 million
quote:
Gulfstream Property and Casualty Insurance Co., Sarasota Takeout policies: 79,617
LINK
quote:
two of the Hanover Insurance companies will be leaving the state June 1, but he has worked with the company to find a replacement to keep existing policies in effect.
quote:
Donelon said that the 5-year-old Gulfstream Property and Casualty Co. of Sarasota, Fla., will assume about half of the 14,000 policies now insured by three Hanover companies.
quote:
Donelon said Hanover decided to bring in Gulfstream as a partner to take over the estimated 7,000 policies written by Massachusetts Bay and Hanover. The third company, Hanover American will continue to insure about 7,000 policyholders, the less risky ones, he said.
quote:
Since Hurricane Katrina, many companies have sought to reduce their risk by dropping newer policies, getting rid of wind coverage or requiring people to pay higher deductibles in the event of a storm. The only major homeowners insurer that has pulled out of the state since Katrina is Auto Club Family Insurance Group, better known as AAA.
LINK
Net Underwriting Gains:
2009: -$5,116,000
2010: -$10,761,000
2011: -$1,303,000
2012: -$1,178,000
Underwriting PROFITIBALITY has steadily decreased since 2010.
As I said before, these no-name companies are not companies you want to go with. They are take-out companies who write the majority of their business with homeowners who live in horrible risk areas and who have had multiple losses in the past. This equates to these companies going belly up as soon as the next major hurricane hits. Reinsurance can't and won't bail them out and they ultimately will have to leave the state, go belly-up, or get bought out by another company and undergo a name change. 75%-90% of the time, this action leaves the policy holders shopping for new insurance at a time when NO major company (State Farm, Allstate) is writing business in your area. You are forced to go with another no-name company because they are the only ones writing business in your area after the catastrophe. It's a never-ending cycle.
That's IF they do cover your damage caused by a named storm. Lots of times they will find reasons to not pay it.
As I said before, y'all can choose to believe me and laugh at me if you want, but you're the ones with these types of companies.
Farmers is a medium-sized company compared to State Farm and Allstate and even they couldn't stay in Louisiana for the long-haul. That should tell you something...
This post was edited on 2/27/13 at 9:15 am
Posted on 2/27/13 at 9:19 am to TDsngumbo
If State Farm and Allstate aren't writing policies in Mid-City BR, in a non flood zone, we have bigger problems on our hand.
Posted on 2/27/13 at 9:29 am to TDsngumbo
quote:
That should tell you something...
All those companies didn't know what the frick they were doing for 20 years prior to katrina. That's what it tells me. And you're still a fricking idiot.
Posted on 2/27/13 at 9:53 am to Golfer
You're right, large companies like those two wouldn't shut down that market unless we had some sort of giant disaster in that area. If you're in mid-city BR and have decent credit and a good claims history, you should already be with one of State Farm or Allstate. There's no reason you should be with a tiny company like Centauri if you already have decent credit and a good claims history. If you are, then that's your choice. Personally, I wouldn't be.
Posted on 2/27/13 at 9:55 am to Chad504boy
quote:
All those companies didn't know what the frick they were doing for 20 years prior to katrina
Many of them still don't know what the frick they're doing.
quote:
And you're still a fricking idiot.
Says the guy with "504" in his name. I bet you're a fun guy who hang out with.
Posted on 2/27/13 at 10:01 am to TDsngumbo
quote:
You're right, large companies like those two wouldn't shut down that market unless we had some sort of giant disaster in that area. If you're in mid-city BR and have decent credit and a good claims history, you should already be with one of State Farm or Allstate. There's no reason you should be with a tiny company like Centauri if you already have decent credit and a good claims history. If you are, then that's your choice. Personally, I wouldn't be.
State Farm wanted $3500 more annually than Hanover for Auto/Home.
Posted on 2/27/13 at 10:04 am to Golfer
Oh, I'm certainly not saying that State Farm is the cheapest. Not by a long shot! 
Hanover does have very, very good prices and is one of the better small companies. If I was with a smaller company, it would probably be Hanover.
Hanover does have very, very good prices and is one of the better small companies. If I was with a smaller company, it would probably be Hanover.
Posted on 2/27/13 at 10:05 am to TDsngumbo
quote:
If I was with a smaller company, it would probably be Hanover.
And they sold their LA Homeowners policies to Gulfstream.
Posted on 2/27/13 at 10:26 am to Golfer
Only their riskier policies were sold. They kept their better policyholders.
quote:
Hanover American will continue to insure about 7,000 policyholders, the less risky ones
This post was edited on 2/27/13 at 10:29 am
Posted on 2/27/13 at 10:32 am to TDsngumbo
quote:
Only their riskier policies were sold. They kept their better policyholders.
Guess I'm a shitty policyholder. Who pays on time and hasn't filed a claim.
This post was edited on 2/27/13 at 10:34 am
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News