A Rant: Homeowners Insurance

officerripley

officerripley

Well-known Member
Location
Porlock, Calif
Well, wish me luck: had a heck of a time finding a company to insure our home; finally found only one; they're charging us an arm and a leg; and this morning they sent an inspector out to prowl around the place. Huzz wouldn't let her inside since we've got Covid. So I googled what does that mean and it said companies usually do that if they're either going to deny a claim or not renew coverage. That was fast: I just paid for the whole year last week.

Oh how I wish I'd been able to convince Huzz to move out of this darn place when we had the chance, so worried.
 

Depending on where you live it's getting harder and harder to even find someone to cover your home. We won't talk about those areas that have suffered wide spread catastrophic incidents.

Mine went up again this year. No real reason why. No huge losses in the area but there you go. Got to have insurance.
 

officerripley said:
Well, wish me luck: had a heck of a time finding a company to insure our home; finally found only one; they're charging us an arm and a leg; and this morning they sent an inspector out to prowl around the place. Huzz wouldn't let her inside since we've got Covid. So I googled what does that mean and it said companies usually do that if they're either going to deny a claim or not renew coverage. That was fast: I just paid for the whole year last week.

Oh how I wish I'd been able to convince Huzz to move out of this darn place when we had the chance, so worried.
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It may all work out fine for you. I switched home insurance to State Farm 2 years ago and they came out to inspect. They took pictures. My home was built in 1965, so the biggest issue was the wiring (every electric wall outlet outlet has only 2 holes) but they insured me.
 
It is very difficult to find insurance here in Florida. It is such a problem that it has completely slowed down the real estate market.
There has been multiple discussions on the Nextdoor app. whereas people received a letter from their insurance company telling them that they will no longer be able to insure them. People would find another company to insure them (if at all possible) at a reasonable price only to see those rates going up drastically the following year. It does not matter if you have made a claim or not!
One of our friends lives in Fort Lauderdale. His insurance for the year came to $10,000 two years ago. He decided to drop insurance all together. He owns his home.
So far, we have been lucky with ours.
Our daughter lived through a Category 5 hurricane back in 2018. She had damage to her house. The insurance paid but that company bailed out of Florida along with others after that. She was lucky to find another one to cover her home and cars.
Insurance companies make deals with politicians here in Florida.
 
The nextdoor neighbor knows someone who lives up in the hills near here and is paying $12,000/year for homeowners insurance.

It's getting really hard to get homeowners insurance at all here in Calif.
 

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