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Message

re: Got my homeowners renewal

Posted on 5/24/25 at 3:19 pm to
Posted by pjab
Member since Mar 2016
5746 posts
Posted on 5/24/25 at 3:19 pm to
quote:

There is no question but that insurance, both homeowners and auto, will be the death knell for this state. Last one out, please turn off the lights.


Completely agree. We moved away but kept our house in NO rented in case we wanted to move back. Every year the policy would not be renewed requiring a new no name company to write something to keep the bank happy. When it got to $18k with a $46k named storm deductible for raised house uptown in X flood zone, we sold the house.

If someone is able to afford a huge deductible, that’s great, but the future of the city is dependent on having everyone being able to afford that after the next big one. There will be massive amounts of defaults.
Posted by Martini
Near Athens
Member since Mar 2005
49625 posts
Posted on 5/24/25 at 3:32 pm to
quote:

Landrys number one goal this session is to make Tim Temple look as weak and as feckless as possible and keep the plaintiff attorneys who have him in their pockets as fat and happy as possible. And so far he’s accomplishing both.


LINK

frick Landry and his trial attorneys.
Posted by Solo Cam
Member since Sep 2015
34734 posts
Posted on 5/24/25 at 3:37 pm to
Bobby Faul Geico Mandeville
Posted by tigerbaiter
Member since Dec 2006
643 posts
Posted on 5/24/25 at 3:41 pm to
In light of the results of this legislative session, word is State Farm may be seriously considering pulling out of the state.
Posted by 6R12
Louisiana
Member since Feb 2005
11575 posts
Posted on 5/24/25 at 3:45 pm to
Yes talked to Farm Bureau agent recently and told him I've been with them since 1975. I don't think it'll be another year. If I see a 1 penny increase I'll leave even if it's more expensive. I'm tired of this nonsense.
Posted by Martini
Near Athens
Member since Mar 2005
49625 posts
Posted on 5/24/25 at 3:47 pm to
Martini is seriously thinking about it as well.

For the first time in a long time.
Posted by Gumby84
Member since Dec 2019
45 posts
Posted on 5/24/25 at 3:48 pm to
No one cares about south LA and their insurance problems. Find something else to complain about or self insure. No one should subsidize your insurance because you live in a natural disaster prone area.
Posted by CMBears1259
Baton Rouge
Member since Sep 2005
4853 posts
Posted on 5/24/25 at 3:56 pm to
quote:

word is State Farm may be seriously considering pulling out of the state

Highly doubtful, SF is making a big push to hire agents at least around BR.
Posted by calcotron
Member since Nov 2007
10117 posts
Posted on 5/24/25 at 4:11 pm to
quote:

It’s going to be ok. I just got a letter from Jeff Landry saying they are going to fix it.


Is he going to change the way math works? Because insurance is just math. Math that proves living in Louisiana is dumb.
Posted by Optimism
Member since Jun 2024
788 posts
Posted on 5/24/25 at 4:21 pm to
Mine stayed the same this year my previous carrier tried to raise it my agent shopped it within 48 hrs got my current rate from a different carrier. He said more companies are coming in next year thinks rates will stabilize and maybe decrease just have to be willling to shop around and change if needed
Posted by tigerbaiter
Member since Dec 2006
643 posts
Posted on 5/24/25 at 4:41 pm to
Hope you’re right, cause that’s who we have coverage with. Fact remains though, there have been discussions.
Posted by Tree_Fall
Member since Mar 2021
1096 posts
Posted on 5/24/25 at 5:28 pm to
You are doing it right...I call myself Tree Fall for a reason.
Posted by BigBinBR
Baton Rouge
Member since Mar 2023
9333 posts
Posted on 5/24/25 at 5:43 pm to
quote:

I got my homeowners renewal yesterday. It was for 8,500 a year.


Sounds like SafeCo
Posted by latxwoman
Member since Mar 2019
814 posts
Posted on 5/24/25 at 5:44 pm to
quote:

It sounds like you had Louisiana Citizens. They are the insurer of last resort and statutorily required to have the highest rates. Why your agent steered you to Citizens is baffling.


Did not have citizens.
Posted by AtlantaLSUfan
Baton Rouge
Member since Mar 2009
26733 posts
Posted on 5/24/25 at 5:48 pm to
Always shop your homeowners insurance. I save $2800 switching LM to Allstate.
Posted by WhiteMandingo
Member since Jan 2016
7461 posts
Posted on 5/24/25 at 5:59 pm to
Ty
Posted by TJG210
New Orleans
Member since Aug 2006
29288 posts
Posted on 5/24/25 at 6:02 pm to
quote:

Yet somehow I think they’re gonna vote Republican till the cows come home


It’s not the Republicans that are the problem, it’s the democrats that claim to be Republican.

Aside from some dumb social shite Landry is as close to Republican as I’m close to Jeff Bezos level wealthy.
Posted by TigerBait2008
Boulder,CO
Member since Jun 2008
38339 posts
Posted on 5/24/25 at 6:02 pm to
Cause you can't afford it..
Posted by TJG210
New Orleans
Member since Aug 2006
29288 posts
Posted on 5/24/25 at 6:05 pm to
We’re on the verge of paying off the house and ready to drop wind and hail as well and self insure.
The next shoe to drop will be when there is a critical mass of low risk homes self insuring that will lower the risk pool and force prices higher.
Posted by Rebel
Graceland
Member since Jan 2005
141550 posts
Posted on 5/24/25 at 6:09 pm to
quote:

his is my last year here. I won't be here for the renewal.


where ever you go, you are going to run into the same problem.
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