We purchased our previously owned house 1 year ago. At the time, ASI wouldn’t insure us despite our having been a 5 year customer in our previous TV home with no claims. We were told they had covered their maximum risks in our area. I think this changes day to day. Not sure but I think it’s a typical Insurance thing.
Anyway, since all our other policies are with State Farm, we contacted them. They wrote the policy and required a sinkhole inspection. I just pulled our policy since I wanted to be accurate here. Our sinkhole coverage carries a flat $5k deductible. Not too bad. Good, in fact.
That said, The homeowner policy was rather expensive...about $1300–much higher than we’ve ever paid before.
It becomes very difficult to compare policies with sinkhole and hurricane risks added and often comes down to comparing apples and oranges...like buying a mattress.
We did extensive research on SF and felt comfortable that they’d come through for us if we needed them.
We plan to shop around again next time. I’ve heard horror stories (rumors?) of them cancelling for no reason. Insurance has become a complicated mess.
I guess the upshot is: shop around and be sure to check insurance company ratings.
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