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Started By
Message
re: UPC insurance is leaving LA
Posted on 3/8/23 at 1:15 pm to Bonkers119
Posted on 3/8/23 at 1:15 pm to Bonkers119
quote:
Say goodbye to your $1000 dollar hurricane deductible.
Why was this ever the case anyway? Insurance should be just that, for things you can't afford to happen.
I'm not sure all hurricane policies shouldn't be something like $20,000? At least $10,000.
Id be curious what it would be for a $50,000 deductible.
1
Posted on 3/8/23 at 1:24 pm to baldona
Yeah offering a $1000 dollar deductible for hurricanes is a recipe for disasters.
Most carriers in South Louisiana only offer 2% or 5%. So if your house is $250k then the deductible would be $5000. Probably one of the reasons they went bankrupt.
It also didn't help that they were severely undercutting the market with their rates.
Most carriers in South Louisiana only offer 2% or 5%. So if your house is $250k then the deductible would be $5000. Probably one of the reasons they went bankrupt.
It also didn't help that they were severely undercutting the market with their rates.
Posted on 3/8/23 at 1:28 pm to Geauxldilocks
quote:
Any thoughts on what will be the catalyst to LA south of I-10 being attractive?
Nothing
Posted on 3/8/23 at 1:29 pm to Chad504boy
Anyone with experience with Allstate homeowners ins?
Posted on 3/8/23 at 1:40 pm to Beef Tips
I actually work for Allstate, have for 5 years, and help run an office in Baton Rouge.
The claims department is pretty good, and I've never had customers have any major issues with them.
Depending on where you live, we've been writing homes through allstate or North Light. What parish are you in?
The claims department is pretty good, and I've never had customers have any major issues with them.
Depending on where you live, we've been writing homes through allstate or North Light. What parish are you in?
Posted on 3/8/23 at 1:44 pm to Chad504boy
quote:
They leaving FL too.
They tried to double my premium at renewal so my agent shopped and got me a better carrier with a lower premium than the original UPC premium.
Posted on 3/8/23 at 1:50 pm to Bonkers119
quote:
What parish are you in?
EBR.
Currently with Liberty Mutual, who I bought from when FEDNAT went under.
Posted on 3/8/23 at 1:52 pm to Chad504boy
Good luck to homeowners in LA. Florida is going to see a similar impact and it doesn’t look promising.
Posted on 3/8/23 at 1:56 pm to Chad504boy
lol.. end of March bubba
Posted on 3/8/23 at 2:05 pm to Beef Tips
quote:
EBR.
Allstate writes in EBR. If you're with Liberty Mutual, I'm sure the premium is rather high. We're pretty competitive in EBR. Wouldn't be a bad idea to call a local office and get a quote.
Posted on 3/8/23 at 2:06 pm to lsugolfredman
quote:
Does this imply that current policies be cancelled?
I don't believe they can legally do that. They have to honor contractual obligations until they expire. The only exception would be if they declared bankruptcy.
Posted on 3/8/23 at 2:12 pm to Chad504boy
We were able to get AllState for our homeowners in Livingston area last month after having UPC for the past 5 years. Premium was a little less than UPC which surprised me. We did get a new roof for $1000 last year so I’m glad we didnt wait too long to file the claim.
Posted on 3/8/23 at 2:20 pm to Bonkers119
Allstate will stop writing soon. Better hurry
Posted on 3/8/23 at 3:36 pm to tankyank13
quote:
Is progressive still writing new policies in Louisiana?
No. They use their in-house agency to act as brokers. Depending on your zip code you might end up with HomeSite if they are still accepting business in your area.
Posted on 3/8/23 at 4:00 pm to Cymry Teigr
I know they offer ASI for homeowners as well. That's another company I would be leery of. Not sure how much longer they'll write in the state.
Posted on 3/8/23 at 4:07 pm to Chad504boy
I had Dover Bay (surplus lines through State Farm). They raised my premium 150% on renewal. they can do this because they are surplus lines. No changes in anything and I've had one claim during Katrina. No other claims.
Cocksuckers.
I got a policy through Kin (they specialize in LA and FL). Easy app process and great rates. So far anyway.
Kin
Cocksuckers.
I got a policy through Kin (they specialize in LA and FL). Easy app process and great rates. So far anyway.
Kin
Posted on 3/8/23 at 4:34 pm to Chad504boy
Anyone know anything about Cajun?
Posted on 3/8/23 at 5:37 pm to SelaTiger
Recent quote I got was higher than Citizens.
Posted on 3/8/23 at 5:46 pm to PUB
I went from 2700 with UPC to 3800 with Cajun. Insurance agent said be glad I had another option because with Citizens I would have at least doubled, maybe tripled. So I guess I’m lucky.
Posted on 3/8/23 at 6:06 pm to Demshoes
quote:
I got a policy through Kin (they specialize in LA and FL).
I just got a non-renew from Gulf States for a rental and called Kin....
Still researching them but process couldn't have been easier and price was higher than current (expected), but not ridiculous considering S La insurance situation....
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