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Old 08-24-2009, 11:38 AM   #31
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house insurance company wants to inspect my house!


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I've never had a problem getting Insurance, even the companies I have cancelled send me info to try to get me back as a customer. Almost 2 decades of payments without a claim? Yeah - they want me
I was the same way...until for what ever reason St. Farm decided a 30% increase in one year was a great pricing strategy! I even called them before switching, telling them they were pricing themselves out of a market.

I dropped'em, then the phone calls came...we REALLY want you back...ummmm no you had your chance....don' t call me again....ever. They lost it all...

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Old 08-24-2009, 05:17 PM   #32
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house insurance company wants to inspect my house!


Hate to tell ya, but State Farm is one of the best insurers out there. Those of you who have been lucky or just reluctant to make a claim may never know until something happens.

With some of the pics I've seen in the "showcase", I can understand why some of you don't want an insurance inspector looking around.
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Old 08-24-2009, 05:32 PM   #33
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house insurance company wants to inspect my house!


That may be...BUT when you can "walk across the street" and get the EXACT same coverage for 50% less, something is just wrong. After being a non-claims customer for 25 years (I'd let anyone inspect any time for any reason, I have NOTHING to hide)....that's the thanks you get? The only hands they had were in my pockets....WAY too deep. I'm willing to take a chance with another company if it will save me several thousands of dollars down the road.

They're not family and they don't love me, they're just another business looking for subscribers. The bottom line is when looking for insurance, it pays to shop and shop and shop.
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Old 08-24-2009, 05:41 PM   #34
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Just make sure you know what you are buying......I have seen exclusions for new things lately on certain policies. An example is, you get a hail storm or wind storm....only half the house is ruined. The insurance now only pays for the half that got the damage whether it matches the other half or not.

We deal with insurance claims quite often. Just make sure you know what you are buying. Insurance is NOT the same if it is 1/3 of the price as another.

In reality your insurance should increase in premiums and coverage. Your value and the things in your home should be going in the plus direction. Hopefully you are not devaluing your home and it's contents. Just the cost of shingles has risen by over 100% in the last few years. Siding increased 50%. When insurance companies have to cover for replacement cost, they will have to charge you more.
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Old 08-24-2009, 05:48 PM   #35
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house insurance company wants to inspect my house!


Contents of a house (personal belongings) usually decrease in value
Interior work (cost to rebuild) can increase
I've seen asphalt go up
But windows & other building materials have gone down
Copper went back up a little
New NEC 2008 regs on outlets have caused those to go up

We called to make sure the addition, new windows, sunroom etc would all be covered & that cost to rebuild was updated
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Old 08-24-2009, 06:03 PM   #36
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house insurance company wants to inspect my house!


Ya, personal belongings do decrease in value, but if you have a wife like I do, New things are brought into the house everyday.

Why do you think everyone always needs more storage space. Every time you buy something as a personal belonging it is added to the overall amount you have insured.


It really doesn't matter anyways, because they insure for replacement cost on most things. Doesn't matter much about the current value.

Last edited by MJW; 08-24-2009 at 06:14 PM.
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Old 08-24-2009, 09:43 PM   #37
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house insurance company wants to inspect my house!


Quote:
Originally Posted by MJW View Post
Just make sure you know what you are buying......I have seen exclusions for new things lately on certain policies. An example is, you get a hail storm or wind storm....only half the house is ruined. The insurance now only pays for the half that got the damage whether it matches the other half or not.
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We deal with insurance claims quite often. Just make sure you know what you are buying. Insurance is NOT the same if it is 1/3 of the price as another.

In reality your insurance should increase in premiums and coverage. Your value and the things in your home should be going in the plus direction. Hopefully you are not devaluing your home and it's contents. Just the cost of shingles has risen by over 100% in the last few years. Siding increased 50%. When insurance companies have to cover for replacement cost, they will have to charge you more.

You must not have watched the news at all in the last three years.
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Old 08-24-2009, 10:21 PM   #38
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Don't look at value, look at replacement cost.

It costs more to build a house than it is to buy one on the market right now.
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Old 08-24-2009, 10:44 PM   #39
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Don't look at value, look at replacement cost.

It costs more to build a house than it is to buy one on the market right now.
That is true, that has always been the case. Even new home prices are down 20%.
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Last edited by brokenknee; 08-24-2009 at 10:49 PM.
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Old 08-24-2009, 10:49 PM   #40
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house insurance company wants to inspect my house!


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That is true, but even new home prices are down 20%.
Not everywhere
Some places are looking up
Our value went up & taxes

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Here’s a few from the top, and the bottom, of the 34 metro areas First American tracks.

Rank City % change

1 Fort Myers, Fla. -29.8%
2 Miami, Fla. -29.7%
3 Riverside, Calif. -28.5%
4 Las Vegas, Nev. -28.3%
5 Ft. Lauderdale, Fla. -27.7%

14 St. Louis, Mo. -11.3%
U.S. Average -7.8%

30 Denver, Colo. -2.3%
31 San Antonio, Tex. 5.2%
32 Austin, Tex. 1.0%
33 Dallas, Tex. 1.7%
34 Houston, Tex. 3.2%
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Old 08-24-2009, 10:52 PM   #41
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house insurance company wants to inspect my house!


Dave, what timeline was given for those figures?

Everyone's taxes went up, even if your value went down. Horrible, isn't it.
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Old 08-24-2009, 10:53 PM   #42
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My taxes still went up even though the value of my home was dropping.
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Old 08-24-2009, 10:56 PM   #43
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That was ending in June

http://www.stltoday.com/blogzone/bui...aster-than-us/

Our value went up
Kind of hard not to as the sq footage is going from 1650 as purchased to close to 3000 sq ft once (if ) I finish
Plus a 24x36 garage, 3 season porch, greenhouse, addition to pool cabana, 3 new decks, pond area......
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Old 08-24-2009, 11:02 PM   #44
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Well, of course it went up with additions to the property. Mine increased 100K last year because of an addition. The year before my value fell slightly, but the taxes still increased.
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Old 10-22-2009, 05:06 AM   #45
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house insurance company wants to inspect my house!


so how did this work out? its been a couple months have they come out to inspect?

Im with AMERICAN Family and the GOLD package I have had for the past 11 years is going up 70%. well almost. From $1050 to $1705 per year.
Fricken crazy. Ironically I can get the Silver package wich is "ALMOST" the same policy for only $125 more than I am currently paying. WHAT A SCAM.

I got some quotes from other companies and found I was probably paying too much the last 11 years.

Does anyone in here have hartford insurance? It is the company I am thinking to switch to. House, cars the whole shibang. Im sure American Family will be wondering why! Especially after offering me such a good deal on a policy thats isnt quite as good as I currently have for only $125 more than I am currently paying.

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