- 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: Welp - Got My Homeowners Insurance Renewal Today. 52% Increase in Premiums.
Posted on 1/3/24 at 3:45 pm to secfballfan
Posted on 1/3/24 at 3:45 pm to secfballfan
quote:
Be sure to send a Thank you note to the Plaintiff's Bar for all this....
And Roofing companies. They have to share some blame at this point. Every single person I know has had a roof replaced due to hail. That is a new phenomenon.
0
Posted on 1/3/24 at 3:47 pm to TigerinATL
quote:
Also, I was due for a sizeable increase this year but asked my agent to shop around.
I always wondered why I had to ask my agent to do that. Seems like it'd just be their job to shop and get me the best rate.
I found they didn't do crap. Have a claim call the insurance company directly. Need to shop the rate, call and tell them to do it.
Posted on 1/3/24 at 4:13 pm to dyslexiateechur
quote:Surprised your lender allows you to have an ACV policy.
We have a ACV policy because replacement for my house would be over a mil. I just want my mortgage paid off if something happens.
Posted on 1/3/24 at 4:15 pm to Grad92
quote:
thats bold. have fun receiving a $150-$200k check for your million-dollar house.
Most of the value/what you're paying off is the dirt, and that should still be there even if something catastrophic happens.
Posted on 1/3/24 at 4:19 pm to lnomm34
Posted on 1/3/24 at 4:22 pm to lnomm34
quote:
Foremost
Them sob's just sent me a letter saying that they won't write policies in my state any longer.. After all these years with no claims it was like" "See ya".
Posted on 1/3/24 at 4:22 pm to hawkeye007
quote:
the best quotes i am seeing are thru goosehead insurance
You mean the cheapest premiums...I see goosehead quotes that are quoted so inaccurately and fraudulent, I don't know how they sleep at night.
Which is also a major reason Louisiana is in the situation they are in. Agents that play insurance and have no idea what they are selling, write policies incorrectly against carrier guidelines and just eat up capacity with policies that are rated wrong, only to satisfy a mortgage lender that doesn't have to deal with the insured after they leave the closing table. BUT HEY, now they can close on their loan and wait until next year to cry once they can't afford their escrow and mortgage payments
Posted on 1/3/24 at 4:31 pm to hawkeye007
quote:
goosehead insurance
There’s no way in hell I’d want to be insured with “Goosehead Insurance” if I had a severe claim. I’m with Chubb and they’re not the cheapest, but we had a water damage claim and they were a dream to work with. I put in a little sweat equity and ended up making up the deductible.
There are too many horror stories about insurance companies screwing people to take a chance with an unknown or fly by night insurer. Especially if I lived anywhere in a gulf coast state where shite happens.
ETA - Goosehead may be totally reputable and part of Birkshire Hathaway for all I know…just never heard of them.
This post was edited on 1/3/24 at 4:35 pm
Posted on 1/3/24 at 4:40 pm to SquatchDawg
They are just the broker, it's some sort of franchise that anyone with a license can buy into and it gives you access to the carriers. Basically an independent agent who is just starting out and can't get their own appointments directly with carriers
Posted on 1/4/24 at 6:26 am to SquatchDawg
Never heard of goose head? Are they a fly by night insurer?
Posted on 1/4/24 at 7:32 am to lnomm34
I moved away from that situation. Homeowners is about $1500/year. No need for hurricane clauses or a flood policy.
Posted on 1/4/24 at 7:34 am to lnomm34
Everyone who overbought to impress their friends are feeling the heat now.
Posted on 1/4/24 at 8:13 am to jizzle6609
You guys must not live south of Lake Pontchartrain, no insurance company will write me a policy. So had to go with Citizens. $10k a year in Metairie.
Posted on 1/4/24 at 10:03 am to Grad92
Shelter
Posted on 1/4/24 at 10:07 am to lnomm34
quote:
Last year, my premium was $2,603.55. Got my renewal today and it's gone up to $3,956.13. Have a 2% hurricane deductible already.
Mine went from just under $4k in 2022 to $12k in 2023.
Orleans Parish
Posted on 1/4/24 at 10:08 am to TheHarahanian
quote:What your premium on a $/sf basis?
I moved away from that situation. Homeowners is about $1500/year. No need for hurricane clauses or a flood policy.
Posted on 1/4/24 at 10:39 am to lnomm34
quote:
Last year, my premium was $2,603.55. Got my renewal today and it's gone up to $3,956.13. Have a 2% hurricane deductible already.
That's cute. In two years, my premium has gone from 2,500 to 6,000 and hurricane deductible from 2% to 5%.
Posted on 1/4/24 at 10:40 am to jizzle6609
quote:
Everyone who overbought to impress their friends are feeling the heat now.
Between interest rates and premiums, there is absolutely no way we are moving to a bigger house, even if we want to.
Posted on 1/4/24 at 10:50 am to secfballfan
quote:
Be sure to send a Thank you note to the Plaintiff's Bar for all this....
It has more to do with the recent rash of hurricanes. Insurers have been taking huge losses.
Massive rate increases are also occurring along the gulf coast and entirety of Florida.
Posted on 1/4/24 at 10:51 am to SportsGuyNOLA
quote:
Mine went from just under $4k in 2022 to $12k in 2023.
Holy moley. I would move. That’s too much money for insurance.
Page 4 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News