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On 4/5/2024 at 4:27 PM, Dish Boggett said:

My personal liability umbrella policy has tripled in 3 years. Paid less than $1k for $3M coverage in 2020. Renewal for same coverage this year is $3400.  I am told there are only two carriers writing policies in Fl for personal liability umbrella. 
 

Are you seeing similar is Texas?

Damn I pay $200 for $1M coverage. 

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22 hours ago, Dish Boggett said:

Homeowners is through Frontline; Auto is through travelers

1 teen driver, 1 boat

haven't made a claim on HO ever,  i had a minor fender bender about 2 years ago

Hudson Insurance group is the Umbrella policy

 

I don't; have any risky hobbies or behavior (aside from posting on this site)

 

 

Shoot me a PM and I'll give you my email address where you can send current decs. I don't know why Travelers wouldn't offer an umbrella policy.

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On 4/10/2024 at 12:34 PM, C-Man said:

Shoot me a PM and I'll give you my email address where you can send current decs. I don't know why Travelers wouldn't offer an umbrella policy.

Done- you are a gentlemen for looking into this for me . I appreciate the effort, Thank you

 

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  • 3 weeks later...

It's my favorite time of year again.  Got my 6 month car insurance renewal from Progressive and it's gone up to $3,479 from $2,595 for six months.  This is with 4 cars and me, the wife, and 19 year old son on the policy.  2017 Hyundai Ioniq (liability only), 2018 Volvo XC90 (full coverage), 2022 Nissan Rogue (full coverage) and 2023 Tesla Model 3 Performance (full coverage).  This includes all the fabulous discounts I get including bundling my home insurance.  So, $7,000 per year for fucking car insurance.  Just got a quote from Geico and it was $4,300 or so for 6 months.  Any other companies I should look at before I lube up my butthole? 

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1 hour ago, cabowabo said:

It's my favorite time of year again.  Got my 6 month car insurance renewal from Progressive and it's gone up to $3,479 from $2,595 for six months.  This is with 4 cars and me, the wife, and 19 year old son on the policy.  2017 Hyundai Ioniq (liability only), 2018 Volvo XC90 (full coverage), 2022 Nissan Rogue (full coverage) and 2023 Tesla Model 3 Performance (full coverage).  This includes all the fabulous discounts I get including bundling my home insurance.  So, $7,000 per year for fucking car insurance.  Just got a quote from Geico and it was $4,300 or so for 6 months.  Any other companies I should look at before I lube up my butthole? 

I always defer to @C-Man and if he can’t he’s good about pointing you in the right direction 

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2 hours ago, cabowabo said:

It's my favorite time of year again.  Got my 6 month car insurance renewal from Progressive and it's gone up to $3,479 from $2,595 for six months.  This is with 4 cars and me, the wife, and 19 year old son on the policy.  2017 Hyundai Ioniq (liability only), 2018 Volvo XC90 (full coverage), 2022 Nissan Rogue (full coverage) and 2023 Tesla Model 3 Performance (full coverage).  This includes all the fabulous discounts I get including bundling my home insurance.  So, $7,000 per year for fucking car insurance.  Just got a quote from Geico and it was $4,300 or so for 6 months.  Any other companies I should look at before I lube up my butthole? 

Happy to take a look. Our hands are really tied at the moment with regard to markets. Have we gone through this song-and-dance already? I've kicked the tires with so many Surlyites, it's hard to remember if we've already tried before. If not, shoot me a PM and I'll give you my email address so you can send me renewal auto dec pages for Progressive. Do you have claims? Also, let me know how big the house is as that might open a few other doors for us.

On a happier note, based on a few back-and-forth EM's with @Dish Boggett above, I was able to help him positively resolve his umbrella situation.

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I sent your info to folks who are buying a $ 1mil house in Reunion Ranch (far SW Austin).

 

Inspected the roof today & found some issues with things like the synthetic deck & backed out screws for the railing, no drip edge (2"×2" metal is code)gutters need adjusting (ponding water), fascia paint is suffering... but no actual widespread roof damage.

20240429_155630.jpg

20240429_153718.jpg

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On 4/29/2024 at 5:43 PM, C-Man said:

Happy to take a look. Our hands are really tied at the moment with regard to markets. Have we gone through this song-and-dance already? I've kicked the tires with so many Surlyites, it's hard to remember if we've already tried before. If not, shoot me a PM and I'll give you my email address so you can send me renewal auto dec pages for Progressive. Do you have claims? Also, let me know how big the house is as that might open a few other doors for us.

On a happier note, based on a few back-and-forth EM's with @Dish Boggett above, I was able to help him positively resolve his umbrella situation.

I will vouch for  C-Man.  He saved me $2k on an umbrella coverage.  
 

 

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I have a multi- family property in Waco. The provider already had the policy before we bought the place, so were familiar with the property. They just canceled me because I would not / could not terminate half of the leases because  the tenants are Greek.  My quotes are now double.

 

I think insurance carriers are going back to fire protection only.

Edited by Daichee Bell
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38 minutes ago, Daichee Bell said:

I have a multi- family property in Waco. The provider already had the policy before we bought the place, so were familiar with the property. They just canceled me because I would not / could not terminate half of the leases because  the tenants are Greek.  My quotes are now double.

 

I think insurance carriers are going back to fire protection only.

Greek as in frat/sorority or nationality?

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15 minutes ago, UTPhil2006 said:

Very important question 

Fraternities are uninsurable.  I don’t know how they currently do it, but they use to all band together and basically self insure.  I can recall a fraternity back in the day who basically rented every apartment in a small complex in west campus.  It was their de facto fraternity house.  As someone with an insurance background, that would make an underwriter say no thank you, we will take on other risks.

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Riddle me this...

How can insurers view an insured as a liability but not the property?

 

Hail claim?  Well... what about historical records about storm prone areas such as Dallas.  Cidtomer X lives in the Metroplex for 25 years & 3× is approved for roof replacements due to baseball sized (of larger) hail.

 

Mr. X moves to coastal Oregon... cannot get coverage based upon prior 3 approved claims (unavoidable due to excessively large hits).

 

That simply does not seem proper.

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6 minutes ago, ROFL BOX said:

Riddle me this...

How can insurers view an insured as a liability but not the property?

 

Hail claim?  Well... what about historical records about storm prone areas such as Dallas.  Cidtomer X lives in the Metroplex for 25 years & 3× is approved for roof replacements due to baseball sized (of larger) hail.

 

Mr. X moves to coastal Oregon... cannot get coverage based upon prior 3 approved claims (unavoidable due to excessively large hits).

 

That simply does not seem proper.

The answer to your question is that there is a certain subset of insurance customers that view their insurance policies as an investment, and they try to maximize their return.  Insurance companies try to weed those people out.  Multiple claims in a short time period is a leading indicator.  I’m not going to defend it, but that is how the math is done.  Do some innocent policyholders get caught up in that process? Sure.    I’ve seen enough insurance fraud in my time to know with relative certainty that insurers exercising caution in what they chose to underwrite is a reasonable approach.  I investigate insurance fraud for a living, to be completely upfront about why I have a little knowledge about this. 

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8 hours ago, conVINCEd said:

Fraternities are uninsurable.  I don’t know how they currently do it, but they use to all band together and basically self insure.  I can recall a fraternity back in the day who basically rented every apartment in a small complex in west campus.  It was their de facto fraternity house.  As someone with an insurance background, that would make an underwriter say no thank you, we will take on other risks.

Totally understand that. We’re not leasing to a fraternity or sorority though. They just all happened to be Greek. It gets passed down within their group so. So no vacancies. Originally, the company said it was student housing, which it’s not. Then they said we’re leasing to the entity, which  we aren’t. All individual leases with personal guarantees. No claims ever. Prohibitions against parties and everything else. Property was inspected, and all leases were provided during underwriting. Company has held the policy for at least 2 years. 
 

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