Smiling JOe said:
We got a notice from Citizen's in December informing us that on our renewal date our policy would be assumed by Florida Peninsula Insurance Company.
Insurance Premiums Increase 130%?
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We got a notice from Citizen's in December informing us that on our renewal date our policy would be assumed by Florida Peninsula Insurance Company.
We were told the same thing until we started looking on our own. Our previous insurance broker (out of Destin) told us that he could not find any other coverage but I guess he just didn't try hard enough. Our business has gone elsewhere.
I think they told you that because they don't want to cover homes in the area. This is happening very often. That is easier to say rather than NO, we don't want your home business, but do you have a need for auto coverage? By the way, your autos are not covered by natural disasters in most cases. :shock:Wastin Away said:
We got Lexington (one policy that covers everything) when NorthPointe cancelled us last month (excuse: we were not on a well-traveled road). I was afraid to get Citizen's after all of the negative things I've read about it on this board. But Lexington will only insure your house if the house itself is appraised for $500,000 or more.Smiling JOe said:
BTW an agent in Destin also told us that Citizen's was the only company that covered wind.
When asking advice on insurance companies from neighbors, ask if they've had experience filing a damage claim, getting a prompt inspection of the damage and received <fair> restitution in a timely manner.
There's a lot of difference between a company who will provide "service" mentioned above and a company whose "service" ends at greeting you with a smile and giving you a mousepad and starlight mint as you hand over the premium check.
There's a lot of difference between a company who will provide "service" mentioned above and a company whose "service" ends at greeting you with a smile and giving you a mousepad and starlight mint as you hand over the premium check.
Wastin' Away, thank you for the information on the insurance carrier in Pensacola. I called them, they took the vital info and promised to get back to me with a quote in 20 minutes. Seems that it is not true that Citizens is now the only option in Florida for wind insurance. I'm not happy that our carrier in Destin told us this without bothering to do the homework. Our agent was a real dynamo, but is out on disability now. So we plan to change the whole kit & kaboodle over to this company if the price is right. Mucho thanks!
We went through an Allstate agent to get Citizens, also thinking we had no other choice. 
I am sure sorry for you guys living along the Gulf. I often think I would like to live down there but I am not so sure! Franny, that sounds to me like they got things backwards on your policy. I would think the 100% increase would be on the gulf rental property, we have been to Pt. Washington to Eden Gardens. Are you on that back water there? And I grumble about our Mayor here and how he is making it hard on everyone to get by. It is constantly a property tax increase and our gas part of our utilities went up 70% they say due to the hurricanes down along the gulf. That is the excuse they used as to why they went up that much. To me it is all greed! This city is totally mismanaged as to who is running everything here! Our city is around 5 million in debt and the county also and it is because of mismanagement. Someone right now is trying to recall the city mayor here. Don't see that happening though. He will have to be 6 feet under before he is out of office!
+190% on a six unit rental property 25 miles inland in NE Florida!