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Started By
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re: State Farm Raising Hurricane Deductibles to 5% in LA?
Posted on 3/27/14 at 4:02 pm to iknowmorethanyou
Posted on 3/27/14 at 4:02 pm to iknowmorethanyou
I also have ASI with a 1k deductible for hurricanes. I've never had to make a claim though so I can't speak for their service.
0
Posted on 3/27/14 at 4:07 pm to iknowmorethanyou
My homeowner's is $2,900/year with more property coverage than you plus the $2 million liability coverage. But I do have the 5% hurricane deductible, so there's that.....
Posted on 3/27/14 at 4:09 pm to LSURussian
SF is even doing this in North LA. I was going to switch because a friend is an agent, but I said screw them with that 5% bs. I am with safeco. $1000 deductible all around. cheaper than what sf quoted me with the 5% hurricane deductible.
Posted on 3/27/14 at 4:40 pm to LSURussian
How much did they pay out after Gustave?
Posted on 3/27/14 at 4:48 pm to LSURussian
The back story is I was at a business function and a Liberty Mutual agent was using the State Farm increase to 5% to try and drum up business. A State Farm person at the same meeting said that people with multiple lines would get to renew with a 2% deductible. In the interests of full disclosure I am a happy USAA member, so I wasn't going to get quotes from ether of them.
Posted on 3/27/14 at 5:07 pm to Poodlebrain
Not true....we have 3 vehicles insured by State Farm and our hurricane deductible also went up to 5%. So, instead of a $5000 deductible, we now have a $15,000 one.
Posted on 3/27/14 at 5:25 pm to TigerAlum1982
What's Allstate's hurricane ded?
Posted on 3/27/14 at 6:00 pm to iknowmorethanyou
I have ASI as well
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 3/27/14 at 6:21 pm to Paul Allen
Mine renews later this year. I think SF has asked to raise rates every year since I bought my house 
Posted on 3/27/14 at 11:42 pm to Jimmy2shoes
State Farm is looking to move away from LA and MS.
This is one of the final steps in the process.
Leave those two states
Lower rates else where
Gain a bigger piece of the pie by being more competitive
This is one of the final steps in the process.
Leave those two states
Lower rates else where
Gain a bigger piece of the pie by being more competitive
Posted on 3/28/14 at 8:12 am to CherryGarciaMan
quote:
State Farm is looking to move away from LA and MS.
i don't think sf is going anywhere. lots of old timer agents aren't going to give up their business, and sf is still adding new agents. la is one of their most saturated markets. they may choose to only write certain types of policies, but i don't see them fleeing the state anytime soon.
Posted on 3/28/14 at 9:31 am to lsujro
Go visit an Independent Insurance Agent and ask them to review your present policy and suggest alternatives.
Allstate and State Farm are serial economic rapists.
Allstate and State Farm are serial economic rapists.
Posted on 3/28/14 at 10:37 am to lsujro
Theyll just write homes without wind and hail if they stay.
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.
Posted on 3/29/14 at 7:39 am to jorconalx
Confirmed. Received my policy renewal from State Farm yesterday. Hurricane deductible is going up to 5%. I have multiple personal and business coverage but it's still increasing to 5% on all named storms. Totally BS. They are replacing my roof right now from the Hail storm last month but when that's done I'll be shopping around.
Posted on 3/29/14 at 8:11 am to TigerEye2
quote:
TigerEye2
You live in Seven Oaks? Was riding through there yesterday, almost every house had a roofing company sign in their yard
Posted on 3/29/14 at 8:41 am to MNCscripper
Close by, along Hwy 73. Most every house in the I-10, hwy 73, 621 triangle has hail damage.
Posted on 3/29/14 at 9:36 am to Paul Allen
quote:
Allstate
My insurance will renew in June we have two cars and house through Allstate. Our named storm deductible is 2%. Unless that changes in june
Posted on 3/29/14 at 10:11 am to lsujro
Let me be correct. They are not going to completely leave, rather stop writing homes. Focus on auto, life, banking, and small business Liabilty.
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