[RedChariot]

Has anyone had experience with the KIN Insurance company? It is a Reciprocal insurance company. Owned by the customers? Enlighten me if you can.

[dewilson58]

Kin Insurance Review 2024 | Bankrate

Lots of complaints.

[mrf6969]

Much better choices out there for sure. My understanding is that they suck you in with a low honeymoon rate and then you'll want a divorce within a year or two.

[tophcfa]

Originally Posted by mrf6969

Much better choices out there for sure. My understanding is that they suck you in with a low honeymoon rate and then you'll want a divorce within a year or two.

Not defending KIN, but how would that be different from their competitors. I’m about to sign up with our fourth insurer in 9 years. The first two bait and switched us as you described, and the other one pulled out of Florida and dumped us. The homeowners insurance market in Florida is badly broken.

[RedChariot]

Originally Posted by mrf6969

Much better choices out there for sure. My understanding is that they suck you in with a low honeymoon rate and then you'll want a divorce within a year or two.

Where is one to go? Progressive is dumping us saying they are leaving Florida. The insurance companies don't want roofs over 10 years. Ours is about 12.5. AAA our car insurance company won't give us home owners insurance. Offered one of these Reciprocal companies called True. Their website tells you nothing. It seems there are many of these type of insurance companies. Besides Kinn, True, there is Tower Hill that is very, very expensive. So am I not being forced to put a new roof on??? We have paid for a roof inspection and wind mitigation inspection. Both good. But still our options only seem to be these "new kind " of insurance companies. Some of them only in business for less than 4 years. Feels like Florida homeowners are being ripped off.

[tophcfa]

Originally Posted by RedChariot

Feels like Florida homeowners are being ripped off.

Those of us living in the middle of the state are definitely subsidizing those who choose to live in the much higher risk costal regions. On top of that, we are suffering the consequences of several large and well known insurers leaving the state entirely because they are not allowed to cherry pick only the safest regions within the state to write policies.

[Blueblaze]

I'm starting my 2nd year with them and so far so good. Of course, who knows if they'd ever pay off if I needed them, but what else can you do? All my neighbors who scammed their insurance companies out of a free roof before I got here did this to us. Nice, decent people who would give to the shirt off their back, forced an insurance company to buy them a roof, over a stupid "full replacement cost" policy and a few damaged shingles that you could find on any roof. Yes, I blame the companies for stupidly selling these policies, but it's shocking how easily otherwise decent human beings become thieves under the right circumstances.

Heck, I'm not sure I could turn down a free roof if some "expert" told me I could get a $15K roof because my insurance company was too dumb to fight it. I was at a dinner party a few years ago and the subject came up. One guy there had been an insurance agent his entire life, and he said he laughed at the door-to-door roof salesman who offered to "inspect" his roof to see if he qualified for a "free" roof. He said, "Sure, go ahead, knock yourself out". But when the guy came back a few days later and told him his own former employer had OK'd the deal, he took it. He said he would have felt like a fool not to.

It's plain and simple corruption, and it's infiltrated every part of our lives. All you have to do it look south of the border to see where it leads. This country is teetering on its last leg.

[MandoMan]

Originally Posted by tophcfa

Not defending KIN, but how would that be different from their competitors. I’m about to sign up with our fourth insurer in 9 years. The first two bait and switched us as you described, and the other one pulled out of Florida and dumped us. The homeowners insurance market in Florida is badly broken.

Yesterday I mailed my homeowner’s insurance company a check for $1681 for $324,000 in insurance on my courtyard villa (including hurricane insurance and sinkhole insurance if the house is condemned). This is pretty much the same as last year. But I was also required to accept that if my roof was damaged, I would accept a prorated amount for repairs (and the roof is 12 years old). Also I now have a $16,000 deductible for hurricane damage.

Would you rather accept those limitations, or would you rather have your insurance bill double or have your policy cancelled? My own feeling is that it’s sort of unethical to ask insurance companies to pay for new roofs because they have “hail damage,” even though they aren’t leaking and the roofs are close to being used up, so I don’t mind signing this. I don’t like a deductible that big, but I’d rather share the risk that way than have to change insurance companies or pay twice as much.

American Traditions Insurance Company. Policy chosen for my by Jessica Pendry at Sarasota Insurance Group, 6170 State Road 70 E, Bradenton, FL. I’ve used her four years and been very happy.

[RoboVil]

Originally Posted by RedChariot

Has anyone had experience with the KIN Insurance company? It is a Reciprocal insurance company. Owned by the customers? Enlighten me if you can.

I used them when I bought my house because they were quick and efficient with pricing. State Farm never got back to me. I have no complaints thus far.

[Cuervo]

Look I still have Farmers Insurance, I know they are leaving the state, but due to when I purchased the initial policy I'm still covered. The reason I bring this up is that I just had my roof replaced and my out-of-pocket expense was $500. I have a neighbor who was not that lucky and is fighting with his company to get the same work done. Just make sure whatever company you choose to go with is reputable, what you save up front, you might have to pay double or more later.

[RickyLee]

Originally Posted by RedChariot

Has anyone had experience with the KIN Insurance company? It is a Reciprocal insurance company. Owned by the customers? Enlighten me if you can.

We went with KIN after being canceled by two other companies while we were waiting for a new roof to be put on. Had KIN for a year because they had the best rate. Came time for policy renewal and they doubled! Needless to say no longer with KIN! You pretty much have to shop annually to find the best rate.

[JRcorvette]

Originally Posted by MandoMan

Yesterday I mailed my homeowner’s insurance company a check for $1681 for $324,000 in insurance on my courtyard villa (including hurricane insurance and sinkhole insurance if the house is condemned). This is pretty much the same as last year. But I was also required to accept that if my roof was damaged, I would accept a prorated amount for repairs (and the roof is 12 years old). Also I now have a $16,000 deductible for hurricane damage.

Would you rather accept those limitations, or would you rather have your insurance bill double or have your policy cancelled? My own feeling is that it’s sort of unethical to ask insurance companies to pay for new roofs because they have “hail damage,” even though they aren’t leaking and the roofs are close to being used up, so I don’t mind signing this. I don’t like a deductible that big, but I’d rather share the risk that way than have to change insurance companies or pay twice as much.

American Traditions Insurance Company. Policy chosen for my by Jessica Pendry at Sarasota Insurance Group, 6170 State Road 70 E, Bradenton, FL. I’ve used her four years and been very happy.

I worked in the insurance claims business for 36 years and the worse thing that insurance companies ever did with the HO policy is make roofs replacement cost. Roofs wear out over time and you really should be paid a “fair value” based on the age of your roof. This would eliminate all the problems with roofers going around and telling you that you need a new roof and trying to get insurance to pay 100%. In some States where they get a lot of big Hail it will destroy a roof and people are getting new roofs every couple of years in some cases. Costs are always passed on to the consumer just like any other business.

[JRcorvette]

Originally Posted by RickyLee

We went with KIN after being canceled by two other companies while we were waiting for a new roof to be put on. Had KIN for a year because they had the best rate. Came time for policy renewal and they doubled! Needless to say no longer with KIN! You pretty much have to shop annually to find the best rate.

It is never a good idea to keep changing insurance companies every few years. They do look to see how long you have been a customer. Some people will change to save a few hundred dollars. Dumb. When you go to a new company they look to see how long you have been with the prior company! We are in the age of computers and they know everything about you.

[nn0wheremann]

Originally Posted by RedChariot

Has anyone had experience with the KIN Insurance company? It is a Reciprocal insurance company. Owned by the customers? Enlighten me if you can.

Up north I believe it would be referred to as a mutual insurance company. What was sold here by Farmers Insurance, which I had for several years was the same thing, as the policy was underwritten on the California Truck Insurance Exchange. KIN’s bid was higher than what I eventually got from Tower Hill Insurance Exchange, a Gainesville company. Hopefully we will not have to make claims and find out the gory details beneath the surface.

[Wondering]

Originally Posted by mrf6969

Much better choices out there for sure. My understanding is that they suck you in with a low honeymoon rate and then you'll want a divorce within a year or two.

I have Kin on a rental courtyard villa with sink hole coverage, and my premium went down $75 for the renewal. No complaints!