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Waterfront homeowner's insurance.

Old 11-16-2020, 11:52 AM
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Default Waterfront homeowner's insurance.

Our homeowner's insurance through St. John's went up 18% this year. What other carriers are writing insurance for waterfront homes? Single level home on a canal, Collier County, base elevation 10.5' above sea level.
Old 11-16-2020, 11:57 AM
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Consider yourself lucky, we went up 33% with them and when we looked around they were still the cheapest.
Old 11-16-2020, 12:01 PM
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Just went through KIN... cyndi was awesome. cyndi.moyano@kin.com or text 4073378903. Saved 25% vs citizens, with an overall better policy. Good luck! When I saw the citizens renewal I was pissed but cyndi made it all better.
To speed things up I had an updated and complete 4pt and windmit which I sent to her and within 27 minutes she had the policy done.
Old 11-16-2020, 01:15 PM
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Marathon doubled if you are getting new paper.
Old 11-16-2020, 01:22 PM
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FEMA maps have been redone and released in some counties, but not all. Some people not previously in a flood zone are now, and I think velocity might factor for direct waterfront homes.
Old 11-16-2020, 02:49 PM
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I'm in Lee County. Have Tower Hill insurance. Home completed in 2014 so code compliant as of that time.
Old 11-17-2020, 11:56 AM
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Flood zones have been revised and also many companies do not want to insure ground level (non stilted homes). That said I was with Citizens and just bought another home and my insurance agent got me an awesome deal through Frontline Insurance. I pay $569 per year flood and I am on a canal and on the bay with $1200 deductible.
Old 11-17-2020, 12:28 PM
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My policy went up 25% this year in Broward. I'm with Universal. From talking to my agent it sounded like that was pretty consistent with what they were seeing all over.
Old 11-17-2020, 12:31 PM
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Originally Posted by avee8tor View Post
Flood zones have been revised and also many companies do not want to insure ground level (non stilted homes). That said I was with Citizens and just bought another home and my insurance agent got me an awesome deal through Frontline Insurance. I pay $569 per year flood and I am on a canal and on the bay with $1200 deductible.
Is that 250/100 coverage? Found the same but for full coverage it was a ridiculous number for flood ins this year.
Old 11-17-2020, 01:00 PM
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I have Frontline as well
Old 11-18-2020, 06:10 AM
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Look at the replacement value of the policy. Property may have a market value of $500,000, but a chunk of that value is land. You don't insure for market value!
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Old 12-08-2020, 12:28 PM
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Originally Posted by jheiii View Post
Is that 250/100 coverage? Found the same but for full coverage it was a ridiculous number for flood ins this year.
My coverage is $250,000 with a $1,250 Deductible.
Old 12-08-2020, 12:30 PM
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I would take a 18% increase
Old 12-08-2020, 12:57 PM
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I do inspections for KIN and have been doing a lot of inland and water front homes the past 6 months. The owners tell me they are saving up to 40% over everyone else.
Old 12-08-2020, 01:14 PM
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Originally Posted by Islandthyme View Post
I do inspections for KIN and have been doing a lot of inland and water front homes the past 6 months. The owners tell me they are saving up to 40% over everyone else.
Kin came back 25% less than citizens, with better coverage.
Old 12-08-2020, 01:16 PM
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Originally Posted by jheiii View Post
Kin came back 25% less than citizens, with better coverage.
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