The “Water Cooler” is a feature on Claycord.com where we ask you a question or provide a topic, and you talk about it.
The “Water Cooler” will be up Monday-Friday at noon.
Today’s question:
Many people in California are being told they’re going to have to pay a lot more, or they’re being told their homeowners/renters insurance is being cancelled for one reason or another.
QUESTION: Have you (or has someone you know) had any problems with your homeowners/renters insurance company?
Talk about it.
Knock on Wood, it’s been good, … for home & autos.
Been with my/our company since before married (47 yrs.)
Only the rate has gone up about 20% in the last 5 years.
We can live with it because the price is still decent.
Try a 60% increase with no explanation FARMERS ins.
Asked why and got no answer.
Been with them 40 years.
For two houses and three vehicles $10,000
Farmers sent me a distant, blurry photo of my roof, and informed me I was on non-renewal due disrepair. I am a 30 year client, with never a claim.
I sent them copies of the contract and cancelled check for my roof installed by a well known company just seven years ago. Not good enough.
Next they demanded a copy of the work order. I sent it to them. Not good enough.
They demanded I take pictures of the seven year old roof. I called my agent and told him if a simple renewal is this much trouble, I can’t imagine how difficult a real claim would be. He said he’d handle it.
Two weeks later he calls and tells me he will personally take pictures of my roof!
Obviously their agents are getting the same lousy service from corporate that I am. Clearly corporate wants out of California.
I wonder how soon California State Auto Association bails out! It appears everyone else is.
It’s not lousy service. They are intentionally trying to lower their exposure as much as possible. I was dropped by AAA for having an old roof, despite it passing a professional inspection months earlier. Because there are so few options in my area, i had to get a new roof.
…agree … 4 cars 4 motorcycles, homeowners, and umbrella policy – 20+ yrs with no claims …
wanted to sxxw me out of a salvage title for my car that was parked in front of my house for an unlicensed uninsured motorist who was learning to drive from Guatemala for $36!!! $36!! they refused to budge I said – I’d pay them the $36 – they said no way – I said adios Farmers! Went to another company with everything and got over $2K less in premiums and more coverage. Farmers called me later and asked me to come back – I said match what I got and erase what they did … never heard back from them again.
Try a 300% increase. Also Farmers’. Thankfully AAA was again writing policies for my neighborhood. So many of the companies don’t write for CA at all now, and from what I hear the backup state option is terrible and super expensive.
Farmers asked me for a 6 month payment for auto ins so i canceled them.
So they raised my home ins from $18 to $22
They are insane
@when,
I call BS on that as Farmers never asks for 6 months in advance.
Good idea to shop around for sure. Although I don’t trust buying some policy from a green reptile.
You can’t
They left California like most companies
Geico gecko
Collusion and corruption are keeping the insurance rates rising.
-The mortgage companies require the house to be fully ensured even if you only owe a small percent to them. The insurance companies on the other hand require that you not only have the house fully insured but that you insure for the value of the items inside. In many areas of CA they won’t cover you unless you have a separate wildfire insurance plan. In these same areas there are few to no private companies offering wildfire insurance. So the only option is to pay for the expensive state-operated CalFair plan.
In many cases if you make a claim, you will be dropped. With so few options it is not worth the risk.
No doubt time will show that these insurance companies have pocketed record profits. Of course the mortgage companies benefit too. If you are paying extra thousands towards your insurance, that means you are paying less of your debt to them.
Farmers for 40 years.
5 current vehicles, a boat and 2 jet skis, 2 houses, 3 life insurance policies and typically goes up 10% a year on it all which is very acceptable.
No complaints at all.
No, it’s an Impound Account under Escrow. incorporating my Homeowners Insurance and Property Taxes.
Been dropped two years in a row. Current policy 3500 a year. They always say…..well your in California so, basically your F-d. When I was shopping around last month the guy said, ‘Oh we can’t insure you, your propriety is listed as a 9/10 brush fire score!’. My reply, ‘let me see what statics you use to make that assumption? Or I’ll throw this road flare in a field and make it a 10/10 brush fire score!’
Living in a forest is expensive. The block north of me is that. While my homeowners insurance only went up a little.
Homeowners reap what you sow. You vote to keep the housing supply here suppressed to increase your own home value high but are surprised when your insurance goes up as well. You can’t have your cake and eat it too.
Nonsense. Homeowners are the minority. Non-homeowners should be able to out vote them. If housing is suppressed by anything it is the government fees and regulations that make it expensive to build.
Lot’s of inexpensive housing for sale in South Dakota. Write when you get work.
It’s called “Free Markets”. A house is only worth what someone is willing to pay. Buyers set the selling price based on demand.
In our area buyers get tired of losing out multiple times, so they start bidding above ask. In the east bay most homes are on the market for less than 30 days so they are obviously not overpriced. It’s called “Free Markets”.