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Started By
Message
Homeowners Ins - I need advice
Posted on 6/4/13 at 7:23 pm
Posted on 6/4/13 at 7:23 pm
I just received my statement for the upcoming year and my HO Ins just increased 50%. Fricking agent didn't catch this up front and work it or at least alert me. Have rates jumped locally and I haven't heard about it?
This little stinker was included in the notes: "The company insuring you is changed to SAFECO Insurance Company of Oregon, a member of the Liberty Mutual Group. This Company change does not impact your coverage or your rate."
Primary home value is approximately $500k, no flood zone. I think it's time to find a new agent.
This little stinker was included in the notes: "The company insuring you is changed to SAFECO Insurance Company of Oregon, a member of the Liberty Mutual Group. This Company change does not impact your coverage or your rate."
Primary home value is approximately $500k, no flood zone. I think it's time to find a new agent.
8
Posted on 6/4/13 at 7:35 pm to ynlvr
Who was the insurance with before? Any claims in the past?
Posted on 6/4/13 at 7:36 pm to ynlvr
Is your insurance escrowed? Mine isn't, I've been through 4 HO companies in 4yrs due to drastic increases.
Posted on 6/4/13 at 7:48 pm to wickowick
quote:
Who was the insurance with before? Any claims in the past?
SAFECO company of America! Now SAFECO of Oregon!
Water damage on a home in Gulf Shores three years ago ($10K damage?)
Posted on 6/4/13 at 7:49 pm to LawLessTyGer
quote:
Is your insurance escrowed?
Yes, escrowed. Makes no difference re: rate, right?
Posted on 6/4/13 at 8:13 pm to ynlvr
Did anything else change? Do you have your auto with Safeco also? Where is the house located? How old is it?
Posted on 6/4/13 at 8:17 pm to snatchola
I don't think anything else has changed. Auto Ins is with AAA, separate from HO. House is 17 yrs old located off highland rd between Seigen and I-10.
Posted on 6/4/13 at 8:22 pm to snatchola
I also have a couple other properties all located within a three mile radius here that are insured separately but with same agency. I can't even tell you who is the insurer on them. I know the latest purchase (60 days ago) is insured with a different company (Forman maybe). Don't know what to expect on those.
Posted on 6/4/13 at 8:40 pm to ynlvr
Safeco definitely had a rate increase recently. 20% was typical. Have you asked your agent to shop it? (He should have done this anyway, just curious)
Posted on 6/4/13 at 8:47 pm to snatchola
Yes, I called her on it after receiving the notice. "Oh let me check into that." WTF! I expected more, a preemptive warning at least. An explanation for sure. That was yesterday. I am disappointed in the agent. Not looking out for me at all.
Posted on 6/4/13 at 8:49 pm to ynlvr
Don't know what you pay, but I'm valued at 600k and pay 600/yr with Lib Mutual, includes all electronics in home (laptop, iPads, iPhones, tv's etc...). That said my wife gets discount thru her company and we don't have hurricanes
Posted on 6/4/13 at 8:51 pm to ItNeverRains
Rate went from $2,800 to $4,400/yr
Posted on 6/4/13 at 9:08 pm to ItNeverRains
quote:
Don't know what you pay, but I'm valued at 600k and pay 600/yr with Lib Mutual
Those prices don't happen in South Louisiana with hurricanes...
Posted on 6/4/13 at 9:11 pm to wickowick
quote:
Those prices don't happen in South Louisiana with hurricanes...
$1 per $100k - Really!
I didn't see the Tennessee location until after I replied. Worse than comparing auto insurance with out-of-staters
Posted on 6/4/13 at 9:13 pm to ynlvr
I am on the claims side, but I would expect someone will be around tomorrow with some advise...
Posted on 6/4/13 at 9:31 pm to ynlvr
It doesn't make a difference but since I pay it yearly I know whether it has gone up versus not paying attention because it's in escrow.
Fwiw. I pay 2400 for a 400k house and we are less than 1/2mile from lake P
ASI was 3200
Fwiw. I pay 2400 for a 400k house and we are less than 1/2mile from lake P
ASI was 3200
Posted on 6/4/13 at 9:36 pm to LawLessTyGer
Who are you with?
Posted on 6/4/13 at 9:55 pm to snatchola
We dropped safeco for a big increase this year too.
In BR too
In BR too
Posted on 6/4/13 at 9:57 pm to snatchola
Occidental, but need to double check. I've been thru so many of them. 
Posted on 6/4/13 at 10:31 pm to ynlvr
Quote it out and change to whoever is the lowest....it's no big deal and the escrow account will be credited with the unused premium fromt he old and the new will pay itself after...
Too easy to do. Look for a package deal of cars and home. (of course you know that)
Too easy to do. Look for a package deal of cars and home. (of course you know that)
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