What should you do if you get a home insurance rate increase notice?
If you got a big increase notice we are probably already working on quotes from some of the 25 plus home insurance companies that we represent to find you more affordable coverage.
Why did your rates go up so much?
Basically your insurance premiums are pooled together with other Florida homeowner’s with similar risks and homes. This pool of money is expected to cover all the claims and expenses with some left over for the insurance company. If you got a big increase, it is because the claims and/or expenses of your policy pool exceeded expectations. Even if you didn’t have a claim, the pool of insured homes did, which raised the price for everyone.
The good news is that Carpenter Insurance represents more Florida home insurance companies than just about any other agency on the Gulf Coast, so we can work with you to find a new company to ensure your home.
We don’t work for any insurance company, we work for you.