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Wind Insurance

Beach Fanatic
3,620 views
Did anyone else see a big reduction in their wind insurance premium this year??

Mine went down 33%--a totally unexpected gift!:clap: Amazing.

Replies

19
waterst1 avatar
Beach Lover
#2
Mine too went back down to almost normal. Pray the weather stays good during season...
Beach Comber
#3
same here. substantial decrease. quite frankly I cannot understand why but I'm not complaining. maybe someone on the message board who better understands this can explain. I've personally never seen a reduction at this level and, relative to rollbacks, I see insurance a lot like taxes. they rarely decrease.
Paula avatar
Beach Fanatic
#4
Mine went down, too. :clap:
jodiFL avatar
Beach Fanatic
#5
They probably have enough $ right now to justify a decrease since there have been no storms. But once we get one they will go right back up. Enjoy it while it lasts.
BlueMtnBeachVagrant avatar
Beach Fanatic
#6
Anyone out there have any info on changes in wind insurance premiums for condo associations? We just got our bill...jumped up about 10% from last year.
seagrovegirl avatar
Beach Fanatic
#7
Mine went up!!! I'm calling tomorrow. I am with citizens. Mine is $3088 this year and I have a 108 year old 2 bedroom, 1 bath house! I'm gettin' robbed!
waterst1 avatar
Beach Lover
#8
Anyone out there have any info on changes in wind insurance premiums for condo associations? We just got our bill...jumped up about 10% from last year.

Parker Rains at the Cone Company in Destin got us good rates again on our building. It dropped again from last year.
BlueMtnBeachVagrant avatar
Beach Fanatic
#9
Parker Rains at the Cone Company in Destin got us good rates again on our building. It dropped again from last year.
Thanks for the info. Is your policy through Citizens? If so, I don't think it matters who you go through regarding the premiums.

Anyway, based on the posts here, I think our agent owes us an explanation.
waterst1 avatar
Beach Lover
#10
Thanks for the info. Is your policy through Citizens? If so, I don't think it matters who you go through regarding the premiums.

Anyway, based on the posts here, I think our agent owes us an explanation.

Believe it or not Parker has on some of my properties gotten me a better quote thru Citizens than the one I had already thru another agent...
Beach FanaticAuthor
#11
Mine went up!!! I'm calling tomorrow. I am with citizens. Mine is $3088 this year and I have a 108 year old 2 bedroom, 1 bath house! I'm gettin' robbed!

You might be getting hit harder due to the home being so old. I assume it isn't built with hurricane resistant windows/doors, rebar in the walls tying the roof to the concrete in the ground, etc. The discounts are fairly high for homes built to code over the last 5 years or so.
Magic Hour avatar
Beach Comber
#12
Please remind someone to provide Wind Insurance..Mine went up $1000 for owner occupied single family in Seagrove..Through Universal and Ryland Agency..Home built in 1999
seagrover avatar
Beach Fanatic
#13
Kathy at the Lighthouse Agency in Niceville helped us - give her a call.
Magic Hour avatar
Beach Comber
#14
Thanks for the suggestion....I will give her a call...
NotDeadYet avatar
Beach Fanatic
#15
You might be getting hit harder due to the home being so old. I assume it isn't built with hurricane resistant windows/doors, rebar in the walls tying the roof to the concrete in the ground, etc. The discounts are fairly high for homes built to code over the last 5 years or so.

The "logic" here cracks me up. Her house has survived 108 years of hurricanes! :funn:

But you are correct, age is a factor. I got dumped by my company which left the state, and the only one that would insure me is Citizens, because my house is old too. Never mind that it survived Eloise, Opal, Ivan, etc. :roll:
seagrovegirl avatar
Beach Fanatic
#16
Mine went up!!! I'm calling tomorrow. I am with citizens. Mine is $3088 this year and I have a 108 year old 2 bedroom, 1 bath house! I'm gettin' robbed!

I called my insurance agent....my house has survived 108 years of hurricanes and my rates are outrageous. He says..." No hurricane clips"....go figure.:bang:
NoHall avatar
hmmmm......can't remember
#17
I think we're having a hurricane in NE Georgia today...and we're expecting 40 mph gusts tomorrow...:blink:
Beach Fanatic
#18
All you guys are so lucky! I can't get ANY insurance on my home. Even Citizens... well, let me clarify that last Citizens remark.

Citizens will insure the "property", however their exclusion paragraph is quite specific. The exclude any structure or object which is currently damaged unless you can produce paperwork guaranteeing the property will be repaired in 90 days.

Well, let's see, that excludes my house and all my interior belongings...... BUT they will take my money!:bang:

You all know the situation with my mold infested house and still no resolution in site. Insurance companies wanting to see how broke they can make you before you except pennies on the dollar.

Jerks! And the insured are jerks as well.
Jdarg avatar
SoWal Expert
#19
All you guys are so lucky! I can't get ANY insurance on my home. Even Citizens... well, let me clarify that last Citizens remark.

Citizens will insure the "property", however their exclusion paragraph is quite specific. The exclude any structure or object which is currently damaged unless you can produce paperwork guaranteeing the property will be repaired in 90 days.

Well, let's see, that excludes my house and all my interior belongings...... BUT they will take my money!:bang:

You all know the situation with my mold infested house and still no resolution in site. Insurance companies wanting to see how broke they can make you before you except pennies on the dollar.

Jerks! And the insured are jerks as well.

We are insured by Citizens. Why are we jerks?
Beach Fanatic
#20
We are insured by Citizens. Why are we jerks?

Didn't mean that at all. Let me reword what I mean.

Jerks! (meaning the insurance companies who continue to keep me tied up on court over my house) And the insured are jerks as well. (The builders of my house who left off moisture barrier in many places which allowed the water intrusion and ultimate mold problem).

Sorry if I offended you, but I did not mean you. I hope the above statement clears that up.

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