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re: State Farm hurricane deductible jumps to 5%
Posted on 7/9/14 at 4:08 pm to Elusiveporpi
Posted on 7/9/14 at 4:08 pm to Elusiveporpi
Not only did they increase the hurricane deductible from 2% up to 5%, they did not lower the rates accordingly and the rates actually went up. AND, they didn't even advise the homeowners that they were doing it. You found out when you got your insurance renewed and received your policy.
Pretty crappy of them. It's clear they are wanting to get out of the market in the gulf states. I get them doing it, but not even a phone call from your agent letting you know it was coming so you could shop around?
And it's not all big companies doing it, most are at 2%.
Pretty crappy of them. It's clear they are wanting to get out of the market in the gulf states. I get them doing it, but not even a phone call from your agent letting you know it was coming so you could shop around?
And it's not all big companies doing it, most are at 2%.
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