Thursday, July 14, 2011

Homeowner’s insurance in Virginia jumps

If you have not received your homeowner’s insurance bill or heard from your bank and the need to increase your escrow be prepared. My “good hands” friends at Allstate have slammed me with a 16 percent increase.

When I called my agent he said that all insurance companies in our Commonwealth received approval for the increase. The unusual increase in severe weather is the culprit. The point he seemed to make is that they expect more of the same.

Does the “good hands” of Allstate keep abreast of “climate change?” Maybe it is the La Nina explanation I heard echoed on the weather channel.

I had no weather related claim I pleaded so why do I have to pay for those that do? Like I really thought my rational was going to make a “bleep” worth of difference.

He whined about the tornados; wind and tree home damage … blah, blah, blah. I have no trees and my car (which is always in the garage) is protected. I suggest we all pray for no more bad weather or soon we’ll be considered as risky as coastal hurricane exposure. What did they do with all the premiums we paid during our mostly good weather? Oh, yes the stockholders and the mystery lockbox.

I did hit him up for a reduction in my car insurance because of low yearly mileage. I had to prove however by producing inspection stickers proving my low yearly mileage. I had them stuffed in my glove box for the last 10 years SO THERE! I get a $20 reduction every 6 months.

Now it is time to work on my real estate taxes based on our neighborhoods plummeting home values.

Posted By Valerie Garner

Categories: Commentary, Community, Finance

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Comments (5)

Jack Mcguire

July 15th, 2011 at 8:26 AM    


I pay mine for the whole year,it went up quite a bit last time.One thing for sure,Ins. companies love collecting the money,but they hate paying off.My house is paid for so I dont have to have it.But I worry abour fire so I carry it.As a long time person in construction I dont fear structural damage,and I dont have any trees around to cause any damage.I guess the longshot of a tornado could happen,but not likely.My mom lives in La. and her long time company will no longer insure homes in her area,period.

Val

July 15th, 2011 at 10:42 AM    


I’m going to start checking around. I’ve had many suggestions on other companies on facebook.

Jack Mcguire

July 15th, 2011 at 12:21 PM    


Let us know what you find.I think people use the same company for so long that they forget that there may be a better deal around.I was with the same auto ins. for years,and when I checked around I was able to find a top company for 30% less.Perhaps the same could be true in Home Ins.

Val

July 15th, 2011 at 5:23 PM    


You are right about that. I’ve been with Allstate for as long as I can remember – over 20 years through multiple agent changes.

Dread the exercise though …

Susan Hall

July 16th, 2011 at 2:45 PM    


Be sure first to check out Freedom First Insurance (www.freedomfirstinsurance.com) who can find you the best deal for the coverage you want on your home and car. They even handle AARP Auto Insurance from The Hartford among many others.

Comments are not moderated. Notify any abuse at info@roanokefreepress.com put ABUSE in the subject and the offensive post.

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