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re: Homeowner’s Insurance is collapsing in LA - UPC gone, Cajun now gone - rates up 40%
Posted on 3/22/23 at 11:31 am to TDsngumbo
Posted on 3/22/23 at 11:31 am to TDsngumbo
quote:
but property insurance just isn’t a profitable business in Louisiana anymore.
Yeah I get all that, but insurance companies are pulling out of other states too. Seems it’s not just a Louisiana thing.
1
Posted on 3/22/23 at 11:38 am to tigerinthebueche
buddy of mine went to work for Goosehead, I gave him a look at my insurances. Home and Auto. I live in Houston and we currently have State Farm
he said my State Farm rates were good, he really couldnt beat them which I couldnt believe.
He said State Farm is one of the very few Insurance companies still committed to the Gulf Coast region, most of the other providers have either stopped covering the region or have really jacked up their rates to be non-competitive. In Houston we have the same issues with un-insured motorists, floods and Hurricanes. So it is not just a Louisiana thing
he said my State Farm rates were good, he really couldnt beat them which I couldnt believe.
He said State Farm is one of the very few Insurance companies still committed to the Gulf Coast region, most of the other providers have either stopped covering the region or have really jacked up their rates to be non-competitive. In Houston we have the same issues with un-insured motorists, floods and Hurricanes. So it is not just a Louisiana thing
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