Just did my afternoon whiskey shot!I think with the latest company we are at 750 policies to move, roughly.....I'm on the fast track to being a functioning alchoholic...
Pekin Insurance
- Thread starter ruxCYtable
- Start date
I got some quotes on switching home and auto policies about 6 months ago just to make sure I wasn't getting screwed and mine with State Farm is in line enough I didn't want to mess with the hassle of switching for. Now I definitely won't be switching.
Agree, West Bend has been great on serivce. We have done alot of premium relief on deductible raises, which has helped a bit. Seems like the old $1000 deductible is todays $2500, in terms on the inflation of the Dollar...Im worried about the next generations ability to afford a home AND insurance....yikes
Nationwide is dumping business by raising premiums extremely high. Many will move those who don't pay way to high rates.
We moved from Nationwide in 2022 after about 10 years when they jumped almost 20%. We got a good rate for everything switching only to end up close to where we were last summer this summer.
This whole thing really sucks....
prof at iowa state told us.... nothing will be done about climate change until the insurance companies start getting hit
As long as the event that caused the damage was at a time your policy was in force with Company A, then Company A covers the claim.
All Companies do some kind of visual inspection of a new policy. Underwriting is as tight as ever, older roofs will be scrutinized and possible declined for coverage. ACV on roofs may be the way of the near future.
West Bend is a great company but 50% rate increases are pretty wrong. Ask your agent, there are other great companies out there with better rates. We are moving many West Bend customers right now.
Taking rate is everywhere. Nationwide is running 20%. Chubb is is running 13%. State farm quit writing Cali risk. Historically, these things have always had their ebbs and flows, up, down and sideways, but with this cycle, there seems to be greater movement. Before u think things are coming to an end, how many insurance companies have gone broke or filed for chapter 7 or 11?
A lot of West Bend customers are very loyal and will do whatever is necessary to stay with them, meaning higher deductibles. We were fortunate to add Cincinnati Insurance and Acuity Insurance to replace Nationwide and IMT in our lineup. They didn't have a ton of exposure to Iowa in 2020 so their rates have seemed pretty competitive so far.
We are with State Farm, but would like to move after how terrible they have been to deal with on the hail storm in March. Asked our contractor who was the best to work with from his perspective and he had great things to say about Cincinnati. I had never previously heard of them.
Give me a call!
Ok, let's make this shameless. Mention CycloneFanatic and $10 to We Will for every new client!
