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ynlvr
LSU Fan
Baton Rouge
Member since Feb 2009
779 posts

Homeowners Ins - I need advice


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.







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wickowick
LSU Fan
Head of Island
Member since Dec 2006
20040 posts

re: Homeowners Ins - I need advice


Who was the insurance with before? Any claims in the past?





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LawLessTyGer
LSU Fan
Bay of Ponchartrain
Member since Jan 2009
635 posts

re: Homeowners Ins - I need advice


Is your insurance escrowed? Mine isn't, I've been through 4 HO companies in 4yrs due to drastic increases.





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ynlvr
LSU Fan
Baton Rouge
Member since Feb 2009
779 posts

re: Homeowners Ins - I need advice


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?)






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ynlvr
LSU Fan
Baton Rouge
Member since Feb 2009
779 posts

re: Homeowners Ins - I need advice


quote:

Is your insurance escrowed?


Yes, escrowed. Makes no difference re: rate, right?






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snatchola
LSU Fan
Baton Rouge
Member since Nov 2007
884 posts

re: Homeowners Ins - I need advice


Did anything else change? Do you have your auto with Safeco also? Where is the house located? How old is it?





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ynlvr
LSU Fan
Baton Rouge
Member since Feb 2009
779 posts

re: Homeowners Ins - I need advice


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.





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ynlvr
LSU Fan
Baton Rouge
Member since Feb 2009
779 posts

re: Homeowners Ins - I need advice


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.





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snatchola
LSU Fan
Baton Rouge
Member since Nov 2007
884 posts

re: Homeowners Ins - I need advice


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)





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ynlvr
LSU Fan
Baton Rouge
Member since Feb 2009
779 posts

re: Homeowners Ins - I need advice


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.






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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
5877 posts

re: Homeowners Ins - I need advice


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





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ynlvr
LSU Fan
Baton Rouge
Member since Feb 2009
779 posts

re: Homeowners Ins - I need advice


Rate went from $2,800 to $4,400/yr





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wickowick
LSU Fan
Head of Island
Member since Dec 2006
20040 posts

re: Homeowners Ins - I need advice


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...






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ynlvr
LSU Fan
Baton Rouge
Member since Feb 2009
779 posts

re: Homeowners Ins - I need advice


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






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wickowick
LSU Fan
Head of Island
Member since Dec 2006
20040 posts

re: Homeowners Ins - I need advice


I am on the claims side, but I would expect someone will be around tomorrow with some advise...





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LawLessTyGer
LSU Fan
Bay of Ponchartrain
Member since Jan 2009
635 posts

re: Homeowners Ins - I need advice


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






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snatchola
LSU Fan
Baton Rouge
Member since Nov 2007
884 posts

re: Homeowners Ins - I need advice


Who are you with?





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eng08
LSU Fan
Member since Jan 2013
1107 posts

re: Homeowners Ins - I need advice


We dropped safeco for a big increase this year too.

In BR too






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LawLessTyGer
LSU Fan
Bay of Ponchartrain
Member since Jan 2009
635 posts

re: Homeowners Ins - I need advice


Occidental, but need to double check. I've been thru so many of them.





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the LSUSaint
LSU Fan
Member since Nov 2009
5209 posts

re: Homeowners Ins - I need advice


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)






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