Whoa! Just got my insurance bill.

[SHELLY]

Got my Homeower's Insurance Renewal Notice Today:

The good news is that State Farm didn't drop my homeower's insurance.

The bad news is that is OVER a 100% increase from last year :shock:

The really bad news is they didn't roll it into a nice, tight cylinder when they let me have it -- OUCH

Thanks Gov Crist...:roll:

 

[destinsm]

Shelly,

I will admit that I did not follow the gov't involvment into this issue the past couple months as much as a should... but I thought I repeatedly read how congress passed legislation that would hold rates steady for a period of time and there would even be some refund checks being sent out to some policy holders...

How does this jive with your 100% increase... Is there some period before the legislation takes effect so therefore all companies will just raise rates beforehand, or is there some other loophole in the legislation?

Just curious to here you insights in this matter.... Thanks in advance!

 

[Smiling JOe]

destism, I think that time period for not dropping people has past. As for the rates, I didn't think there was anything stopping them from raising rates.

 

[TooFarTampa]

destism, I think that time period for not dropping people has past. As for the rates, I didn't think there was anything stopping them from raising rates.

There was, I am fuzzy on the details though. The legislation only applied to policies renewing after July 1 I believe, so SHELLY you are out of luck. But don't worry! As a loyal State Farm customer, you are supposed to get an approximately 7 percent decrease next year!!

Our USAA policy on our primary home renews April 30. They've raised our rates 33 percent. I was expecting 40 so I'm only doing a little of this.

 

[TooFarTampa]

destism, I think that time period for not dropping people has past. As for the rates, I didn't think there was anything stopping them from raising rates.

There was, I am fuzzy on the details though. The legislation only applied to policies renewing after July 1 I believe, so SHELLY you are out of luck. But don't worry! As a loyal State Farm customer, you are supposed to get an approximately 7 percent decrease next year!!

Our USAA policy on our primary home renews April 30. They've raised our rates 33 percent. I was expecting 40 so I'm only doing a little of this.

 

[TooFarTampa]

Double post in honor of SHELLY's doubled bill. :roll:

 

[SHELLY]

Shelly,

I will admit that I did not follow the gov't involvment into this issue the past couple months as much as a should... but I thought I repeatedly read how congress passed legislation that would hold rates steady for a period of time and there would even be some refund checks being sent out to some policy holders...

How does this jive with your 100% increase... Is there some period before the legislation takes effect so therefore all companies will just raise rates beforehand, or is there some other loophole in the legislation?

Just curious to here you insights in this matter.... Thanks in advance!

In my case, my last year's policy renewed before the State Farm 50%+ bump-up that happened last summer (I only had a 32% increase last year over the previous year). Then I've gotta pay my portion of the Citizen's Insurance bailout (to pay Citzens' policy holders' refunds, no doubt ). Even after that, there appears to be additional add-on costs to fund the State Farm's "Bread and Circuses" I imagine.

On the 'bright' side, the SF agent told me that they are still crunching numbers to see if I'll get a 7% or 11% FloriDUH rebate...

Makes one wonder how the school teachers, cops and store clerks will fare this year.



.

 

[Mullet123]

Are you telling us that the All Knowing Shelly got caught off guard?

 

[Kurt]

Allstate increased me about 50% last year and dropped me this year. they say I can be picked up by Royal Palm. Are they going to be a Royal Pain? Anyone know what's up with them? I assume I am getting the Royal treatment.

 

[SHELLY]

Are you telling us that the All Knowing Shelly got caught off guard?

No, I've been watching this insurance trainwreck coming for some time...and I'm liquid enough to deal with it, but feel the pain of the folks who can't take a 100% hit.

BTW Tampa, I know some folks who got the boot from USAA on their 2nd home policies here in the panhandle.

And so it continues.:roll: