Florida Homeowners Insurance Help!
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thisistank (09-01-2021)
#12
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This big issue is one big storm and Citizens won't be able to fund the payouts. I work the claims side and even Citizens knows this but with so little options for a lot of home owners they have to keep accepting policies and it is setting up to get really ugly.
#13
Registered
Call Matic, they do business with most all insurance companies that do business in Florida. They also have a program to quote all at once to see which would be the best. (833) 382-1304 https://matic.com/
My realtor is looking at a house for me today in Palm Bay. I used their site & looks like I can expect to pay around $5.5-6.5k through companies I never heard of. Is this normal in the area? I had planned to stick with State Farm unless their rate was ridiculous.
#14
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Thread Starter
I am seriously thinking about dropping wind/hail. A few years back I had a metal roof installed with all new sheeting nailed every 6” and water guard over 100% of it. It is a very simple 1500 ft cinder block house. Since we do rent it out some, my bigger fear/exposure is liability.
#16
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Join Date: Feb 2012
Location: Sarasota FL. Priest River ID
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It varies with the area and ease of blue water access. Even places that offer nearly identical intercostal and gulf access, one bridge can create a 500K+ difference. The cool thing about performance boats is their low profile makes most bridges irrelevant.
The following 2 users liked this post by hoodoo:
OldSchool (09-01-2021), thisistank (09-01-2021)
The following users liked this post:
thisistank (09-01-2021)
#18
One the biggest issues are lawsuits. Guys will actually canvas neighborhoods promising new roofs, then sue the insurance companies on your behalf for "past roof damage that you never realized." Your roof doesn't leak but their "experts" will show it was compromised by high winds and of course it needs full replacement. Ins companies are getting picky, not wanting to insure older roofs/older homes against plumbing failures trying to limit their exposure.
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thisistank (09-01-2021)
#19
Thanks for the info.
My realtor is looking at a house for me today in Palm Bay. I used their site & looks like I can expect to pay around $5.5-6.5k through companies I never heard of. Is this normal in the area? I had planned to stick with State Farm unless their rate was ridiculous.
My realtor is looking at a house for me today in Palm Bay. I used their site & looks like I can expect to pay around $5.5-6.5k through companies I never heard of. Is this normal in the area? I had planned to stick with State Farm unless their rate was ridiculous.
#20
VIP Member
VIP Member
36Tango, I'll PM you the contact info for a few of my buddies, either of them can most likely help you...
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Happily retired and living in Heavens waiting room.
Happily retired and living in Heavens waiting room.
Last edited by OldSchool; 09-01-2021 at 07:06 PM.