Property Insurance Won't Pay Out When It Matters

“Who has dealt with Bethlehem Star Insurance Agency LLC underwritten by Agency Insurance Company, Inc before for commercial insurance before? If so, what was your experience with them? submitted by /u/Razzberrie87 [link] [comments]”

“And, if you dont mind me asking, what insurance company would it be going through?”

“My daughter's apartment flooded; she was told that she could go to a hotel until she found other accommodations. She was told her meals would be covered. She could not handle the mold. She had a mold expert in who reviewed and found a high count (dangerous) of mold. The problem was not fixed; it was covered. Her doctor wrote a letter stating that she was affected by the mold. University City, MO condemned it and demanded the apartment be truly CONDEMNED, as it was uninhabitable. THEY DEMANDE”

“Looks pretty good to me. All ours have gone up a ton. I’d I remember I’ll post some numbers when I get home but we have one place that admittedly is a fire risk but it’s doubled and is pushing 350/month alone”

“I’m finishing up an insurance claim for roof & siding hail damage from this spring and I feel like I didn’t get any help from my agent/his office, but I’m not clear on what I should have expected. For example, early on I called them to find out why I hadn't heard from an adjuster yet when I had called their office weeks ago about the damage. They said “Oh, do you want to file a claim?” I now know that they were expecting me to have someone local look at the house and tell me if I had act”

“Investor and insurance agent here. Completely normal. Look at your coverage on your policies. Coverage A, goes up every year to account for inflation and the cost of materials/labor increasing. It will always go up. The truth is, every few years you need to shop if you think the policies are out of whack. In real terms you've had a $25/m in increase in the last 2 years. Raising rents should more than amount for that. Count your blessings your auto went down. That's NOT normal anywhere ri”

“That auto drop is wild, went from your biggest expense to almost the cheapest policy in the bunch. Did you switch carriers or just age out of a higher risk bracket or something The multifamily numbers look pretty reasonable to me. My 4-unit crept up about 8% last renewal alone so you're doing better than I am on the percentage front. Been shopping around every year and the quotes are all within like fifty bucks of each other, nobody's really competing on price anymore it seems Makes you”

“Title: Insurance industry is never going down — here’s what my insurance costs look like over 3 years I was going through my insurance renewals and decided to put everything into a table. This is what I've paid / been quoted over the last 3 policy years: Policy / Property Type Units 2024–25 2025–26 2026–27 Investment Property #1 4 $2,029 $2,083 $2,087 Investment Property #2 2 $1,394 $1,393 $1,435 Owner-Occupied Property 3 $1,318 $1,434 $1,526 Single-Family Property 1 — — $2,700 Construction”

“When doing the mathematical analysis you should evaluate the insurance line item, basing it off your current premium probably isn't going to work. You're going to need a different type of coverage form and it's going to be more expensive. Most homeowners forms limit/exclude liability arising out of rental of the premises. A guest injury in your house is not the time you want to find out about this exclusion. . Depending on the frequency/duration of the stays this is either an endorse”

“I am currently insured through state farm. The dwelling coverage I have is 277k. The resale value of my home is probably around 350k. I'm north of Atlanta in Georgia. Costco's insurance wanted to do dwelling coverage for 600k with an additional dwelling coverage amount of 175k. That is absolutely insane. I called because that's definitely wrong.. the most I've seen when doing other quotes is 400k dwelling coverage when I did a quote with progressive but generally when I do quotes”

“good math-supported arguments for when to call it off? No, not really. Pretty much by definition, you're going to lose money as a consumer of insurance. Or is it just based on when I'm mentally comfortable with possibly losing a $15k item? Yep, pretty much that. Either because you are OK with self-insuring it, or because you've decided you'd replace it with something much cheaper. That's where my wife and I landed; I had insurance for a few years, but once she decided that sh”

How much?

“My neighbors house caught fire in 2022. It was a total loss and his insurance would not cover all of it. He eventually demolished the mess, filled in the basement and sold the land. Prior to the fire his house was probably worth at least 250k. He sold the land for about 70k. My house had about 150k in estimated damages, but once they started work on the house the number went up. My house only had fire damage to one wall. They basically gutted half the house, I had to get rid of EVERYTHING becaus”

is it cursed?

“I was trying to understand why I had a 560k dwelling limit and 300k personal property when Zillow says my house is worth 360k. The insurance agent explained that the removal of damaged stuff is expensive, and codes changed. They no longer allow 2x4 construction over hollow block foundation. So the extra 200k is to cover all of that.”

“You might want to get your own adjuster to assess and evaluate your coverage. You might get better results.”

“Its very possible that they only care that it is insured for the loan amount.”

How many quotes have you gotten? Get at least 3 more.

“You may have to fight the insurance company, or work with a contractor that will fight for you. Dont give in without raising hell. Ask for a new adjuster. Ask for a manager. And dont worry, the initial settlement IS NOT the only way to get paid for repairs as supplemental settlements exist and are a part of most large claims.”

“Thats true but also in my experience, youd usually have the homeowners shop for cheaper insurance or have their agent lower the replacement cost or look for some9ne else who would give you less. Of course nobody wants to pay more for insurance so people usually end up chasing lower premium in return for lower coverage”

“What state are your parents in, and who originally calculated the $278k dwelling limit the insurer/agent or your parents? If State Farm or the local agent represented that amount as sufficient replacement-cost coverage, preserve every declarations page, renewal notice, inflation adjustment, replacement cost worksheet and email. Ask for the carrier’s final coverage calculation in writing as well, including every endorsement and exactly which items are inside or outside the limit. That matters bec”

“Hey, I have lost my house to flood 2 years in a row. You need to look up casualty loss on your home. Insurance is just but one angle people get too hung up on.”

“Never only go for one quote always get as many as possible the difference in cost will astound you. For a project like this I’d be getting a minimum of 5 quotes and most likely more. Stick to people with a good reputation licensing and bonding.”

“Hello! Recently, my house burned down, not a total loss but the damage is extremely severe. Talking with our contractor and our adjuster, the difference between the cost to repair and the maximum amount insurance can pay is in the range of 100k. What happens now? I talked to the bank and they said that an equity loan wouldn't be possible, and a home improvement loan would be pretty unlikely. Are there other options I'm not thinking of? What happens if we don't have that money, do we”

“I had a major loss at my house (flood) and the insurance company put us in an apartment that’s less than half the size of our house. It didn’t allow pets so we had to board them. They couldn’t find something in my district so I’m having to drive kids to school/daycare 4 times a day on top of working full time. I just found out the rent on the apartment is $6,000. The rent on the posting was $1500 when I found it. Apparently landlords can charge more if it’s an insurance housing situation? So we”

“Right now I'm trying out Obie which is an online broker for landlords. They didn't ask about my previous insurance history, only about previous claims. The only hiccup for them is that the tenant doesn't have renters insurance. But yeah you're probably right.”

“Hello! I lost quite a bit of my house in a fire. It's not a total loss but damn near close, and the repairs are about projected to be about 100k over what insurance can pay (like max payout). What happens now? Would a HELOC help cover the difference? Do we just sell someone the plot of land with no house on it? What am I supposed to do in this situation and theoretically keep the house, if possible? Location: Virginia, US submitted by /u/sadface256 [link] [comments]”

“I submitted a claim for water damage to my furniture on my renters insurance policy. I submitted photos with name brands and age and cost of the items all to truth. They had a company come out and inspect everything. I just got the total loss of everything and they rung my tumble brand rug in (about $300) as a pottery barn rug that’s $3,000. So my check is a lot more than I expected. Since this is a mistake on their end…can they take backsies? Or am I good to go lol? I told the truth. Is this my”

“You really should go through an insurance broker. The fact that the house hasn't been insured for the last couple years (wow!) it's going to be a red flag for a lot of insurers, many insurance companies won't even take something that wasn't insured the year before. a broker is going to help you navigate to find the right one who will accept it. Your rates are going to be incredibly high this year, and then next year you can switch insurance providers and get a lower rate.”

Yup

“Find an insurance broker in Florida and ask them for some options. You can also search direct sellers too. Once someone registers a "deal" with you they have a lock on it for a while. So you can't practically search with 10 brokers, perhaps just a few.”

“The price will drop if you tell them you don't want insurance for wind damage. Of course, this is only a good idea if your property is not near the coastline. When hurricanes cross through the interior we do experience a lot of damage from falling trees, but they fall in between houses, or across streets, and only sometimes on houses. I don't know of anyone who has had their roof ripped off, or the side of a house removed from hurricanes like what happens on the coasts.”

“I live in California but I own a rental in Florida. It's a single family home, fully paid off and owned under an LLC. The property hasn't been insured for the past 10 years, and my property manager just leased the place to a senior on disability. I need some peace of mind. Can someone recommend a top insurer for landlords insurance in Florida? Ideally I would like to use one of the big names like All State or State Farm. Will it be an issue that the property is owned under an LLC? I'”

“Talk with a local Independent Agent. They represent a dozen or more high-quality insurance companies that don't advertise on TV so you've never heard of them. Your LL insurance should be less than the homeowner's policy. Also, make sure you get PLENTY of liability coverage - $1M minimum. It's fairly cheap.”

“That's crazy. Did you shop around at all? Or is there some feature that made it more risky as a rental? With Liberty Mutual, my insurance on my condo went from $1200 to $400 when I switched from primary residence to LL. My husband's sfh went from $5k to $3.5k with State Farm. The line items on both policies showed drops for contents/personal property & liability. Obviously, the amount I was insured for on contents/personal property was lower, but liability coverage stayed the same. I”

“My well shot a bunch of water into our house, and our insurance immediately sent out ServPro. Servpro started ripping out flooring, walls, and baseboards. They "stopped" about 50% in each room because they found asbestos, or what seems to be. They left the fans and the dehumidifier running for 3 days. Came back said it was all dry without looking and left. We had two contractors come out in the mean time who both used meters and the basement is still soaked under the walls, floors, and”

“My house sustained significant damages from a tornado 3 weeks ago and we've been staying with family since then. We enlisted our insurance-recommended ALE company for assistance in finding temporary housing while renos are done. Insurance originally approved us for a 6 month lease but has since downgraded approval to month-to-month leases only, making it significantly more difficult to find a rental. The ALE company has been entirely useless throughout this process and has given us zero opti”

Super long post so bear with me. I'm a first time homeowner and this is the first claim I've filled. I made my first homeowners insurance claim in July. The toilet on…

“My house sustained significant damages from a tornado 3 weeks ago and we've been staying with family since then. We enlisted our insurance-recommended ALE company for assistance in finding temporary housing while renos are done. Insurance originally approved us for a 6 month lease but has since downgraded approval to month-to-month leases only, making it significantly more difficult to find a rental. The ALE company has been entirely useless throughout this process and has given us zero opti”

“How is everyone insuring these types of coliving properties? My agent told me if I did this I would be denied coverage in the event something happened and when asked if they can alter my policy they said no to my insure co living- I'm w Auto Owners and State Farm- both said no they don't do it- so are landlords flying under the radar- I'm too chicken to take chances in my old age”

“Hail damaged my home 5 months ago. Insurance elected to replace one elevation after fighting them on the scope for 4 months, then paint the remaining elevations to match as I have a matching endorsement that is very strong within Iowa. My contractor stated the siding was not a good substrate for paint. I have Maxi Tile INC cement fiber board siding from 2010 that has since been discontinued. A lot of it is cracked, broken corners, bowed, etc. After my contractor stated he wouldn’t paint it nor s”

Stay away from Amica insurance

“I'm hoping an adjuster or agent can give me some assurance that what I'm going througn is normal, even thougn it is absolutely awful! I own and live in a small unit in a condo complex. Unfortunately, there was a fire in the unit underneath mine at the beginning of May. That unit was completely burnt out and I was extremely surprised and grateful to have no fire damage myself, except for the external porch. However, I had severe smoke damage as well as water damage from the firefighters.”

“Had a leak from an ice dam in feb. Insurance says the interior damage is limited to ceiling and some drywall, refuses to cover roof or mold. Been fighting since buy I think I'm out of options. They claim the roof had moss on it (there's no moss in the picture they sent claiming moss aside from one tiny spot). The roof is 13 years old and was in good shape prior to the ice dam. Now the decking looks warped and some of the shingles look lifted. They are denying coverage for roof and mold.”

“trying to understand the distinction here before I call insurance. the problem is a pipe behind our bathroom vanity suddenly leaked and damaged the vanity drywall and part of the flooring. I keep reading that homeowners insurance may cover the resulting water damage but not necessarily the plumbing repair that caused it is that true? submitted by /u/pyrexvert [link] [comments]”

“I have a business where I rent out equipment to people and I really need some help with finding some niche insurance all the insurance I went to have quoted me things like 50 to 100 grand and that surely just won’t work for me. I need something that’s gonna cover me to be more specific the type of insurance that I’m looking for needs to be. I think general liability and I can’t find any online besides just looking online and asking ChatGPT and other sources can you guys give me some suggestions”

“What insurance do you recommend having in general? submitted by /u/Mysterious-Event-380 [link] [comments]”

“My husband and I are day dreaming about what homes we could own in Bay Area of Houston if not for the wild variability in insurance. We found this fixer upper on an absolutely stunning lot in an incredibly unique neighborhood. Surprisingly the NFIP quote is around $2500 which is cheaper than many houses in Zone X in the area in the middle of indiscriminate suburban sprawl. I doubt you could transfer policies because this is an estate sale. Insurance professionals, would you play the long on game”

“Landlords do not provide rental insurance. They can require you to carry it if you’re residential, but it does not make sense for commercial, for the reason you’ve stated. This is suspicious AF, plus they can’t just add it to your lease randomly. Say no. You’re only required to do what was in your lease contract. They can’t randomly add to it or change it. Your lease legally protects you from this.”

“We rent our business space. Just got an email from the property manager that we're automatically having renters insurance added to our rent, which we have never had to do in the 12 years we've rented there. We already have a commercial package + liability with the landlord added to it, covering the lease space, windows, liability, etc. The renters insurance would be covering the exact same things in the same amounts it seems, which doesn't make any sense. This landlord/property manag”

“Looking for a reality check from anyone who has dealt with similar situations. I’ll try to keep this focused on the facts. My property is an older home in Ohio with a detached garage, and suffered a hail storm in April. The original RCV is around $18,000. The main house roof was replaced without major issues. Received initial ACV and depreciation was released upon completion. The garage roof has a low slope section. The original adjuster’s estimate scoped standard 3-tab shingles for the entire g”

“I purchased a homeowners policy through Progressive by Homesite, and after only about a month of coverage, Homesite issued a cancellation notice because they determined that the roof was worn, had granule loss, and required full replacement. Is this normal??? Do insurance companies really treat their customers this way?? I am willing to replace the roof, but the process for trying to resolve the issue has been extremely frustrating. I was unable to speak directly with an underwriter, and instead”

“A little complicated so please bear with me. Context: Personal Home and 1 car with State Farm (Realtor) LLC 2 cars with a Kemper subsidiary Umbrella policy for $5m coverage with State Farm went from $2k to $5k due to the LLC cars ASK: recommendations for a company who’ll write a stand alone umbrella liability policy TIA submitted by /u/BayAreaBill [link] [comments]”

“Hey everyone, condo owner here. Would you please recommend good companies to contact to get quotes on umbrella 🌂 coverage options as well as flood insurance? I’m not on a flood zone but with everything going on in the world and climate change I get paranoid and a bit freaked out and I’d rather be prepared than not… thank you for any information and recommendations. Appreciate y’all! submitted by /u/DreaminTurquoise [link] [comments]”

“Why would your insurance rule it an accident if the tenant told you they started it. Document that. Tell your insurance and the Fire department this information. Hire a lawyer.”

“Long post, but I’m trying to give the full picture because I’d really appreciate some insight. I am in Michigan. Last week, we woke up to a small section of our kitchen ceiling sagging (about 2ft x 2ft) and suddenly had essentially no water pressure to the shower. The plumber suspected a water line had burst and recommended a water mitigation company. They found a broken/leaking pipe behind the toilet which is not directly above the damaged kitchen ceiling. They also found a source of water unde”

“I'm currently researching possibility to find property insurance for a property that is formerly used defense site from US military training range. UXO potential can't be excluded until further inspection were done. I know there's war exclusion for most home insurance and it seems like it will be excluded ("Warlike action by a military force"?). If so, is there any other option to get this coverage or it's just not possible and I got to pass it? submitted by”

“Hi everyone, I’m in the market to insure my condo. My condo association documents state that I have a $50,000 deductible in the event anything happens. The market value of my condo is probably around $300,000 despite the fact I haven’t updated the bathrooms or kitchen. It’s approximately 1350 square feet. How much am I supposed to insure for? My agent says $100,000 on dwelling. Thoughts? submitted by /u/DreaminTurquoise [link] [comments]”

“Been with them probably about 15 years had two claims last year and two claims this year and probably no claims for at least 12 or 13 years... Anyway due to the last three claims they say they are dropping me as of October renewal. I get it but these companies drop you but if you have no claims for five or 10 years or more they don't lower your rate. Also have the homeowners with them for 15 years and still have them. Have to see where I should go here now in the Great state of New York 🤑🤑”