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Posted on 9/3/21 at 9:13 pm to brass2mouth
$1000 flat here as well. I was shocked that it was an option after all the years of the 2% State Farm coverage. If you don’t shop you don’t know
Posted on 9/3/21 at 9:15 pm to Ingeniero
I lived in beinville parish last year and had a hurricane (Laura) stay a named tropical storm all the way up here. Destroyed my A/C, fence, roof, and blew down a couple huge oak trees. I didn’t get a penny from State Farm. My deductible was like $14,000 for a named storm. I didn’t even get a quote from them on my new house. Screw Stare Farm.
Posted on 9/3/21 at 9:52 pm to RealityTiger
quote:
Are all homeowner's insurance policies as outrageous as State Farm?
Depends on the policy.
I chose a 5% deductible from State Farm.
Posted on 9/3/21 at 9:53 pm to sparkinator
I'm in MS with State Farm. All Loss Deductible including Named Storm/Hurricane is 1/2% - that's half of 1% 
Posted on 9/3/21 at 9:54 pm to RealityTiger
We had a choice with La Citizens. Ours is I think 2% for annamed storm — I can’t remember. But I called prior to the season to make sure u Understood and it was apround $5000 (don’t have papers in front of me) but it wasn’t outrageous at all.
Posted on 9/3/21 at 9:58 pm to EasternShoreTider
My roof is original — right at 15 years. 2% pretty sure is what we have
Posted on 9/3/21 at 9:59 pm to Joshjrn
How did you negotiate??? Seriously never heard that for homeowners.
Posted on 9/3/21 at 10:01 pm to RealityTiger
State farm gives u the option of 2 or 5%. It's only a couple hundred more a year for 2%. That's what did!
Posted on 9/3/21 at 10:03 pm to Bucktail1
quote:
There is a zero chance you have a $1000 hurricane deductible in the state of LA.
I have several agents my customers use that have $1000/$1000 deductibles for homes in Louisiana.
Posted on 9/3/21 at 10:03 pm to RealityTiger
Homeowners insurance is a scam.
Posted on 9/3/21 at 10:05 pm to RealityTiger
Most Farm Bureau policies have a 2% named storm deductible. It may be higher in different parts of the state though.
Posted on 9/3/21 at 10:05 pm to RealityTiger
I was caught off guard with Laura and a 5%. Sucks but I signed up for it at some point..
Posted on 9/3/21 at 10:15 pm to Bucktail1
quote:
Yes, all carriers have high deductibles for named storms. Either 2 or 3% of the insured value. Some carriers even higher
This is absolutely not true at all.
Posted on 9/3/21 at 10:19 pm to RealityTiger
quote:
Are all homeowner's insurance policies as outrageous as State Farm? My deductible is $14,000
Mine is $1k
Posted on 9/3/21 at 10:20 pm to Bucktail1
quote:
There is a zero chance you have a $1000 hurricane deductible in the state of LA.
You are absolutely incorrect. I have $1000 hurricane deductible
Posted on 9/3/21 at 10:22 pm to RealityTiger
Whoever keeps seeing or getting 5% or 10% hurricane deductible is getting arse raped.
I can write on grand isle with a 2% or less if you want to pay the increased premium.
I write a hotel in Morgan city with a 2%.
I can write on grand isle with a 2% or less if you want to pay the increased premium.
I write a hotel in Morgan city with a 2%.
Posted on 9/3/21 at 10:24 pm to Bucktail1
quote:
There is a zero chance you have a $1000 hurricane deductible in the state of LA.
I don’t have a hurricane deductible. American National. Switch from State Farm years ago.
Posted on 9/3/21 at 10:27 pm to Bucktail1
quote:
There is a zero chance you have a $1000 hurricane deductible in the state of LA.
Yeah you’re wrong. I sell it all day, everyday
Posted on 9/3/21 at 10:38 pm to RealityTiger
A lot of people with State Farm never leave. They just keep paying higher prices. Shopping around is always a good option and independent agencies can generally offer you better coverages for less because they can work with multiple carriers.
Also you can get 1000 named storm deductible with some carriers, you will pay more for your premium, but it is a trade off with risk vs. premium. Industry standard is usually 2% of coverage A though.
Bottom line when it comes to insurance is asking yourself some simple questions:
1) How much are you willing to pay out of pocket for damage repairs and/or how much available cash do you have to make repairs. The higher the deductible the less likely you will file a claim, so the lower the premium because are basically saying you are willing to take more risk.
2) Do you really know exactly what you are paying for? If not when was the last time you had a conversation with your agent other than filing a claim? If it has been over a year, what are you paying for? A name of a company? They are collecting commission on your policy, so what service are you paying for? How do you know if you have the right coverages? Your life has changed. You probably have made changes to your home, your career, your finances. You should always make sure you are getting the right coverages first and then talk premium second. A good agent makes sure their clients are correctly covered and don’t wait for the client to find out that they don’t the hard way.
Also you can get 1000 named storm deductible with some carriers, you will pay more for your premium, but it is a trade off with risk vs. premium. Industry standard is usually 2% of coverage A though.
Bottom line when it comes to insurance is asking yourself some simple questions:
1) How much are you willing to pay out of pocket for damage repairs and/or how much available cash do you have to make repairs. The higher the deductible the less likely you will file a claim, so the lower the premium because are basically saying you are willing to take more risk.
2) Do you really know exactly what you are paying for? If not when was the last time you had a conversation with your agent other than filing a claim? If it has been over a year, what are you paying for? A name of a company? They are collecting commission on your policy, so what service are you paying for? How do you know if you have the right coverages? Your life has changed. You probably have made changes to your home, your career, your finances. You should always make sure you are getting the right coverages first and then talk premium second. A good agent makes sure their clients are correctly covered and don’t wait for the client to find out that they don’t the hard way.
This post was edited on 9/3/21 at 10:43 pm
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