- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: State Farm homeowners insurance is worthless paying claims
Posted on 9/23/21 at 11:46 am to BitBuster
Posted on 9/23/21 at 11:46 am to BitBuster
quote:
My neighbor has nearly the exact same house as me. He got his roof replaced and he only had to pay a $4000 deductible through Allstate. My other neighbor has State Farm. He had to pay a $13000 deductible for the same roof. Yeah...
Your neighbors were free to choose their insurers and deductibles. I just got a new roof for $2,590 because I chose a company with low hurricane deductibles and that’s the deductible I chose. It’s not difficult.
This post was edited on 9/23/21 at 11:47 am
0
Posted on 9/23/21 at 11:53 am to BitBuster
quote:
My neighbor has nearly the exact same house as me. He got his roof replaced and he only had to pay a $4000 deductible through Allstate. My other neighbor has State Farm. He had to pay a $13000 deductible for the same roof. Yeah...
Exact opposite for us. Our hurricane deductible is through the roof (pun definitely intentional) so as to even be able to afford a monthly premium (non-OT-Baller.)
After our hurricane deductible, we will get a new roof, some serious repairs for water intrusion, the total payout by Allstate will be less than $2,000. The estimate for the interior repair is less then half of what the contractor (a guy who has done work in the house, before) will be quoting me.
Fack my life.
Posted on 9/23/21 at 12:00 pm to Bamadiver
quote:
Not like their auto insurance is much better. SF just informed me that they are unable to recoup costs from a wreck I was in 6 months ago. I was at a stop light sitting and got rear ended. Guy was on his phone and never looked up. SF told me I was welcome to pursue my own claim if I wanted
did the guy have insurance? thats not state farms fault
Posted on 9/23/21 at 12:03 pm to BitBuster
quote:
My neighbor has nearly the exact same house as me. He got his roof replaced and he only had to pay a $4000 deductible through Allstate. My other neighbor has State Farm. He had to pay a $13000 deductible for the same roof. Yeah...
yea so your neighbor with all state choose to have higher premiums for a lower hurricane deductable.
the neighbor with state farm chose the opposite.
its so funny to me that so many of yall auto choose the cheapest monthly note without asking any questions or even reading the policy. is it really too much to ask to know what your hurricane deductable is?
to those complaining about insurance companies not paying loss of use are the same ones that complain when rates go up. its like you dont understand all the idiots filing a claim for every little thing has an overall effect on your own rate.
Posted on 9/23/21 at 12:04 pm to lsu777
The problem is that the agents are fighting for customers and are quoting low tier policies in order to get the customer. All the while, the customer doesn't actually read the policy and then gets mad when it comes time for a claim.
Posted on 9/23/21 at 12:11 pm to Tomatocantender
Unless the cause is a covered even that occurred on the insured premise that caused the loss water or electricity there is no coverage.
They do not generally insure the public utilities ability to provide you water or electricity.
They do not generally insure the public utilities ability to provide you water or electricity.
Posted on 9/23/21 at 12:16 pm to Chad504boy
quote:
for a $3500 please pay my hotel bill claim?
You understimate the sleaziness of attorneys. They want nothing more to get their foot in the door to file suit and and force mediation or a settlement so that they can collect attorneys fees that are more than the amount of the claimed loss.
Posted on 9/23/21 at 12:20 pm to RedPop4
quote:
The estimate for the interior repair is less then half of what the contractor (a guy who has done work in the house, before) will be quoting me.
Hopefully, your contractor knows how to work/ deal with insurance companies he will need to send in a supplement
Posted on 9/23/21 at 12:22 pm to Tomatocantender
Humans have lived centuries without electricity but not very long without water.
I hate insurance companies.
I hate insurance companies.
Posted on 9/23/21 at 12:24 pm to BitBuster
Hurricane deductibles are almost always either 2% or 5% of your dwelling coverage amount. I'd guess that about 95-98% of the times the insured elects the 2% deductible. I'm guessing your neighbor with Allstate has the 2% deductible on $200K coverage and your State Farm neighbor has the 5% on about $260K coverage. I've seen 10% wind deductibles on $1.2 million policies. Why anybody would get a 10% wind deductible is beyond me.
Posted on 9/23/21 at 12:33 pm to Tomatocantender
they ain't called Snake Farm for nothin'.
Posted on 9/23/21 at 1:07 pm to SB9513
quote:
The problem is that the agents are fighting for customers and are quoting low tier policies in order to get the customer. All the while, the customer doesn't actually read the policy and then gets mad when it comes time for a claim.
My monthly premiums were super low, but when I actually looked to see what my coverage was it was bare minimum and 5% hurricane deductible. Unless you ask for more coverage that's how they default you. I didn't even know 2% hurricane deductible was a thing several years ago until I shopped my insurance.
Posted on 9/23/21 at 1:13 pm to Tomatocantender
quote:
State Farm homeowners insurance is worthless paying claims
they tried to offer a family member $495 to fix a roof that was all kinds of fricked up.
After a month of arguing, i shamed thim on twitter and left an extremely critical message on their home website.
they replaced the roof.
Posted on 9/23/21 at 1:16 pm to ItTakesAThief
quote:
Unless the cause is a covered even that occurred on the insured premise that caused the loss water or electricity there is no coverage.
This is almost verbatim what the desk adjuster told me. He said on the premise or within a 1-mile radius like a tree falling on the sewage lift stations or whatever.
I'm slowly relegating myself to the fact that I am SOL. But I appreciate everyone in here weighing in as this is great info on a go-forward basis.
Posted on 9/23/21 at 1:27 pm to Tomatocantender
What's the loss from? Something fell and broke a water line? Something in the house burst causing you to cut off water? Or does your area just not have water/had water for a time period?
Posted on 9/23/21 at 1:38 pm to BlackPot
quote:
Or does your area just not have water/had water for a time period?
This. Was told by neighbor that Baton Rouge City Water told him that they shut off main proactively as Hurricane Isaac is 2012 caused twice the amount of damage because they didn't shut it off then, and downed trees and flooding caused pressure to burst. My neighborhood is apparently marked for methodical shutoff.
Posted on 9/23/21 at 1:51 pm to Tomatocantender
The insurance commissioner is trying to get the insurance companies to pay for this type of loss of use.
But keep in mind there are a ton of people that have damage to their homes that have caused an actual loss of use as they are no longer livable. Not only are these people not seeing payment, these types of claims are not exactly helping by tying up resources
I’m not sure how losing water for a few days would get you over your deductible, unless they waive it for loss of use. But they only typically waive it because you experience direct loss from a covered peril and will be paying the deductible anyway
But keep in mind there are a ton of people that have damage to their homes that have caused an actual loss of use as they are no longer livable. Not only are these people not seeing payment, these types of claims are not exactly helping by tying up resources
I’m not sure how losing water for a few days would get you over your deductible, unless they waive it for loss of use. But they only typically waive it because you experience direct loss from a covered peril and will be paying the deductible anyway
Posted on 9/23/21 at 1:58 pm to charminultra
Yea a local agency is usually a better option. They have more products and they rely on referrals, so you are likely to have a better customer service experience. That is not to say that the big name carriers are always a bad choice. Just have an agent that you can contact for question/guidance and not rely solely on a call center.
Posted on 9/23/21 at 2:05 pm to Tomatocantender
Yea, I just don't see from an insurance point of view how they would reimburse you for anything. Since there wasn't any damages to your home.
This post was edited on 9/23/21 at 2:25 pm
Posted on 9/23/21 at 2:13 pm to Weekend Warrior79
Donelin can’t make the insurance companies do anything after a storm. He agreed to all of the policy language on every. Policy written in La. you have a contract with your insurance co and he can’t change that. Just trying to get votes. Nothing to see here.
This post was edited on 9/23/21 at 2:17 pm
Page 3 of 5
Back to top
Follow TigerDroppings for LSU Football News