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Home owners insurance
#9020906
03/18/24 09:17 AM
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Joined: Feb 2014
Posts: 1,096
Bandit 200 XP
OP
Pro Tracker
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OP
Pro Tracker
Joined: Feb 2014
Posts: 1,096 |
Need to find something cheaper , Germania just keeps going up .
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Re: Home owners insurance
[Re: Bandit 200 XP]
#9020907
03/18/24 09:36 AM
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Joined: Mar 2010
Posts: 12,449
ntxtrapper
THF Celebrity
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THF Celebrity
Joined: Mar 2010
Posts: 12,449 |
Hochheim Prairie Farm Mutual Is who I have and I couldn’t be happier with the premiums.
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Re: Home owners insurance
[Re: ntxtrapper]
#9020914
03/18/24 10:08 AM
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Joined: Jul 2013
Posts: 6,108
tlk
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jul 2013
Posts: 6,108 |
Hochheim Prairie Farm Mutual Is who I have and I couldn’t be happier with the premiums. have you received your renewal yet for this year? If you have how much did it increase? Seems to be going up substantially with all carriers
You can't fix stupid
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Re: Home owners insurance
[Re: Bandit 200 XP]
#9020916
03/18/24 10:25 AM
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Joined: Sep 2004
Posts: 12,455
RedRanger
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 12,455 |
Need to find something cheaper , Germania just keeps going up . They used to be and may still be very good, they were one of the last offering both a HOA and HOB policies in Texas Back when I dealt with them and it's been a few years, they were pretty good to deal with. Can you get USAA insurance, to me they are top of pack and nobody is on their level for not only HomeOwners and taking care of their customers, but they have great customer service.
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Re: Home owners insurance
[Re: Bandit 200 XP]
#9020924
03/18/24 11:10 AM
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Joined: Dec 2009
Posts: 9,891
The Dude Abides
THF Trophy Hunter
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THF Trophy Hunter
Joined: Dec 2009
Posts: 9,891 |
They all keep going up, some by small increments but most likely very steep amounts. Unless you are lowering coverages then you can expect rate increases across the board. Insurance companies are no longer in the business to give money back or discounts. Taxes, insurance & death! YMMV, Good Luck!
I am still looking for the perfect apron, one with reinforced knee areas would be perfect.
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Re: Home owners insurance
[Re: Bandit 200 XP]
#9020946
03/18/24 12:12 PM
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Joined: Jul 2008
Posts: 22,281
Texas Dan
THF Celebrity
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THF Celebrity
Joined: Jul 2008
Posts: 22,281 |
Thank your neighbors and the roofers they partner with to get a new roof whenever there's a report of hail falling 50 miles away.
Last edited by Texas Dan; 03/18/24 01:12 PM.
"Some people will never like you because your spirit irritates their demons."
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Re: Home owners insurance
[Re: Bandit 200 XP]
#9020949
03/18/24 12:16 PM
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Joined: Sep 2009
Posts: 14,015
NDN98
THF Celebrity
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THF Celebrity
Joined: Sep 2009
Posts: 14,015 |
I shopped around last fall when I got my new premiums and found out my current policy was still the best value, despite the fact it has more than doubled in the last 3 years.
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Re: Home owners insurance
[Re: RedRanger]
#9020958
03/18/24 12:46 PM
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Joined: Apr 2007
Posts: 60,637
BOBO the Clown
kind of a big deal
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kind of a big deal
Joined: Apr 2007
Posts: 60,637 |
Need to find something cheaper , Germania just keeps going up . They used to be and may still be very good, they were one of the last offering both a HOA and HOB policies in Texas Back when I dealt with them and it's been a few years, they were pretty good to deal with. Can you get USAA insurance, to me they are top of pack and nobody is on their level for not only HomeOwners and taking care of their customers, but they have great customer service. USAA lost their way. CS and premiums is no where close to what it use to be.
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Re: Home owners insurance
[Re: Bandit 200 XP]
#9020984
03/18/24 01:55 PM
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Joined: Aug 2012
Posts: 15,590
TexFlip
THF Celebrity
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THF Celebrity
Joined: Aug 2012
Posts: 15,590 |
Replacement value placed on my home is insane. It's more than I could sell my entire property for. It's more than twice what it would cost me to have it built ground up.
Just to make sure that it is done thoroughly, I go both ways.
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Re: Home owners insurance
[Re: Bandit 200 XP]
#9021001
03/18/24 02:07 PM
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Joined: Apr 2010
Posts: 1,089
jakebunch
Pro Tracker
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Pro Tracker
Joined: Apr 2010
Posts: 1,089 |
With the hail storm that came through last Thursday in the DFW area expected to cost insurors over one billion dollars, is unlikely that premiums will go down in the next year. If these storms continue to cause huge losses to insurors, the cost of insurance will not be the issue-availability will shrink. Insurance companies are like Exxon, Apple, etc., they have to make a reasonable profit. At some point the premium necessary to cover the losses may not be available in the market place which will cause withdrawal from the homeowners market. Insurance companies are not like a utility company providing necessary services like electricity or water. If the price of oil goes up, the price of gasoline goes up to cover the increased cost. As insurance losses increase, premiums increase to cover the losses. I expect more insurors to inplement a 2% deductible for hail losses going foward.
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Re: Home owners insurance
[Re: jakebunch]
#9021022
03/18/24 02:52 PM
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Joined: Jul 2019
Posts: 14,334
Hudbone
THF Celebrity
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THF Celebrity
Joined: Jul 2019
Posts: 14,334 |
With the hail storm that came through last Thursday in the DFW area expected to cost insurors over one billion dollars, is unlikely that premiums will go down in the next year. If these storms continue to cause huge losses to insurors, the cost of insurance will not be the issue-availability will shrink. Insurance companies are like Exxon, Apple, etc., they have to make a reasonable profit. At some point the premium necessary to cover the losses may not be available in the market place which will cause withdrawal from the homeowners market. Insurance companies are not like a utility company providing necessary services like electricity or water. If the price of oil goes up, the price of gasoline goes up to cover the increased cost. As insurance losses increase, premiums increase to cover the losses. I expect more insurors to inplement a 2% deductible for hail losses going foward. DFW is a HUGE problem for insurers. With some, you will see 3% wind/hail deductibles. Some won't particpate at all.
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Re: Home owners insurance
[Re: Bandit 200 XP]
#9021036
03/18/24 03:20 PM
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Joined: Sep 2004
Posts: 12,455
RedRanger
THF Celebrity
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THF Celebrity
Joined: Sep 2004
Posts: 12,455 |
I have filed two claims in my life on my HomeOwners.
First one was my Irving house they gave me a check for my roof replacement, comb out some fins on my Air conditoner condenosor and they paid for a aluminum patio cover. I just pocketed the total check and when I decided to sell my house a few years later, I found a roofing sub company on Craigslist and I went to HOme Depot and had them to deliver the shingles to my house and I paid like $3K to get shingles put on, I came out smelling like a rose.
About 7 years ago in my Frisco house, I got a new roof Class 4 shingles, Stained my wood fence, New gutters, fixed some window seals, didn't cost me a dime and back then the roofer was able to eat your deductable, I came out of that smelling like a rose.
I would say over the the last 30 plus years, I have broke even.
To me insurance is cheap for what they offer and pay.
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Re: Home owners insurance
[Re: BOBO the Clown]
#9021152
03/18/24 05:56 PM
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Joined: Jan 2009
Posts: 12,193
kry226
The General
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The General
Joined: Jan 2009
Posts: 12,193 |
Need to find something cheaper , Germania just keeps going up . They used to be and may still be very good, they were one of the last offering both a HOA and HOB policies in Texas Back when I dealt with them and it's been a few years, they were pretty good to deal with. Can you get USAA insurance, to me they are top of pack and nobody is on their level for not only HomeOwners and taking care of their customers, but they have great customer service. USAA lost their way. CS and premiums is no where close to what it use to be. I'm still getting great service from them in both banking and auto. However, while the following info might be dated, I never had much luck insuring my house with them. They were very picky at the time and would only underwrite for houses less than 2 years old. I also tried to insure my shop at the ranchito with them and they just weren't competitive. In any case, they're still working very well for me.
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Re: Home owners insurance
[Re: tlk]
#9021177
03/18/24 06:28 PM
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Joined: Mar 2010
Posts: 12,449
ntxtrapper
THF Celebrity
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THF Celebrity
Joined: Mar 2010
Posts: 12,449 |
Hochheim Prairie Farm Mutual Is who I have and I couldn’t be happier with the premiums. have you received your renewal yet for this year? If you have how much did it increase? Seems to be going up substantially with all carriers 8% increase but I’m nowhere near the metroplex. The companies will snap it off in you if you live there. They will tell you the rates are higher because of weather but they just know people there have a lot of money and are conditioned to paying a lot. That’s my experience with them.
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Re: Home owners insurance
[Re: ntxtrapper]
#9021191
03/18/24 06:52 PM
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Joined: Jul 2019
Posts: 14,334
Hudbone
THF Celebrity
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THF Celebrity
Joined: Jul 2019
Posts: 14,334 |
Hochheim Prairie Farm Mutual Is who I have and I couldn’t be happier with the premiums. have you received your renewal yet for this year? If you have how much did it increase? Seems to be going up substantially with all carriers 8% increase but I’m nowhere near the metroplex. The companies will snap it off in you if you live there. They will tell you the rates are higher because of weather but they just know people there have a lot of money and are conditioned to paying a lot. That’s my experience with them. Your never asinine. Don't be that way now.
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Re: Home owners insurance
[Re: Hudbone]
#9021203
03/18/24 07:26 PM
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Joined: Mar 2010
Posts: 12,449
ntxtrapper
THF Celebrity
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THF Celebrity
Joined: Mar 2010
Posts: 12,449 |
Hochheim Prairie Farm Mutual Is who I have and I couldn’t be happier with the premiums. have you received your renewal yet for this year? If you have how much did it increase? Seems to be going up substantially with all carriers 8% increase but I’m nowhere near the metroplex. The companies will snap it off in you if you live there. They will tell you the rates are higher because of weather but they just know people there have a lot of money and are conditioned to paying a lot. That’s my experience with them. Your never asinine. Don't be that way now. My truck insurance is half and homeowners is less than half with the same coverage and the only thing that changed was I moved from DFW to here. Explain how that’s possible without calling shenanigans on the insurance companies?
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Re: Home owners insurance
[Re: Bandit 200 XP]
#9021215
03/18/24 07:47 PM
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Joined: Jul 2019
Posts: 14,334
Hudbone
THF Celebrity
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THF Celebrity
Joined: Jul 2019
Posts: 14,334 |
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Re: Home owners insurance
[Re: Hudbone]
#9021219
03/18/24 07:53 PM
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Joined: Mar 2010
Posts: 12,449
ntxtrapper
THF Celebrity
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THF Celebrity
Joined: Mar 2010
Posts: 12,449 |
The “sigh” defense typically results in a guilty verdict
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Re: Home owners insurance
[Re: Bandit 200 XP]
#9021228
03/18/24 08:04 PM
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Joined: Nov 2011
Posts: 10,004
unclebubba
THF Celebrity
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THF Celebrity
Joined: Nov 2011
Posts: 10,004 |
My truck insurance is half and homeowners is less than half with the same coverage and the only thing that changed was I moved from DFW to here. Explain how that’s possible without calling shenanigans on the insurance companies?
It's all statistics. DFW has more claims, and more expensive claims per capita than outside of DFW. Therefore, it is going to be more expensive. Same with Auto. You are MUCH less likely to get in an accident in Collin County than Dallas County. If you live in Collin County, insurance will be cheaper. You are much less likely to get in an accident in Navarro County than in Collin County. Insurance in Navarro will be cheaper. I would imagine Bosque would be about on par with Navarro.
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Re: Home owners insurance
[Re: unclebubba]
#9021232
03/18/24 08:11 PM
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Joined: Jul 2019
Posts: 14,334
Hudbone
THF Celebrity
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THF Celebrity
Joined: Jul 2019
Posts: 14,334 |
My truck insurance is half and homeowners is less than half with the same coverage and the only thing that changed was I moved from DFW to here. Explain how that’s possible without calling shenanigans on the insurance companies?
It's all statistics. DFW has more claims, and more expensive claims per capita than outside of DFW. Therefore, it is going to be more expensive. Same with Auto. You are MUCH less likely to get in an accident in Collin County than Dallas County. If you live in Collin County, insurance will be cheaper. You are much less likely to get in an accident in Navarro County than in Collin County. Insurance in Navarro will be cheaper. I would imagine Bosque would be about on par with Navarro. No, nothing to do with provable numbers that have to be approved by TDI, it's " they just know people there have a lot of money and are conditioned to paying a lot."
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Re: Home owners insurance
[Re: unclebubba]
#9021237
03/18/24 08:17 PM
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Joined: Mar 2010
Posts: 12,449
ntxtrapper
THF Celebrity
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THF Celebrity
Joined: Mar 2010
Posts: 12,449 |
My truck insurance is half and homeowners is less than half with the same coverage and the only thing that changed was I moved from DFW to here. Explain how that’s possible without calling shenanigans on the insurance companies?
It's all statistics. DFW has more claims, and more expensive claims per capita than outside of DFW. Therefore, it is going to be more expensive. Same with Auto. You are MUCH less likely to get in an accident in Collin County than Dallas County. If you live in Collin County, insurance will be cheaper. You are much less likely to get in an accident in Navarro County than in Collin County. Insurance in Navarro will be cheaper. I would imagine Bosque would be about on par with Navarro. Okay I can understand the vehicle aspect. Bosque County only has about 19,000 people in it. The homeowners is actually more coverage for a more expensive home but it’s less than half of what I paid in FW. I can’t see how it’s that much lower premiums. Is it because everyone gets lumped in with million dollar homes that get hailed on or swept away by a tornado?
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Re: Home owners insurance
[Re: Bandit 200 XP]
#9021239
03/18/24 08:20 PM
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Joined: Mar 2010
Posts: 12,449
ntxtrapper
THF Celebrity
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THF Celebrity
Joined: Mar 2010
Posts: 12,449 |
I think I hit a nerve with Hud
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Re: Home owners insurance
[Re: Bandit 200 XP]
#9021240
03/18/24 08:22 PM
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Joined: Jul 2019
Posts: 14,334
Hudbone
THF Celebrity
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THF Celebrity
Joined: Jul 2019
Posts: 14,334 |
people who are forced or choose to live out in the country are cut from a different bolt of cloth.
Just think of BMW.
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Re: Home owners insurance
[Re: Bandit 200 XP]
#9021251
03/18/24 08:50 PM
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Joined: Dec 2011
Posts: 14,303
Ramsey
Pepe' Le Pew
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Pepe' Le Pew
Joined: Dec 2011
Posts: 14,303 |
There are 12 million housing units in Texas. Say the average premium is $2,000. That is 24 billion a year in premiums, but the first time they have to pay out the PR team goes into gouge mode. Pay the losees that is what your side of the contract is!!!!!! Collusion at its worst!!! TexFlip - You are getting screwed by their BS replacement cost system. Your replacement cost should be cost to build new plus 10% without land value. This is their lie to simultaneously raise your premium and your deductible at the same time. (Shameful Industry) And the kicker is how they will nickle and dime the eff out of you if you get complete loss, minus deductible, minus slab, minus plumbing!!!! They just suck and run a business based on requirements from mortgage banks!!! I only wish I had the numbers of what they spend in golf outings, marketing BS and exec comp!!!!
Big Beckett!!
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Re: Home owners insurance
[Re: Bandit 200 XP]
#9021254
03/18/24 08:53 PM
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Joined: Dec 2011
Posts: 14,303
Ramsey
Pepe' Le Pew
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Pepe' Le Pew
Joined: Dec 2011
Posts: 14,303 |
I have had to search and obtain new insurance at the minimum every 3 years for almost 3 decades. You can get what you want if you know how to ask for it and demand the policy right for you.
Big Beckett!!
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