Farmers raising my homeowner's insurance by 70%.

I had Farmers for my home insurance plus 7 rental property landlord policy (5 single family and 2 duplex) for more than 10 years and never had any claim.  Just received a notice that the home owner policy premium will be raised from $1700 to $2900/yr with the coverage limit raised to $540000 from $500000. location Northern California. I am thinking not to renew the policy and just go without home insurance.  The house has no morgage. But I am afraid it would affect my landlord policies on my rental properties if not renew home owner insurance due to the landlord policies maybe boundled with my home policy. I called the agent but she does not know. It seems strange that some of my landlord policies only costs half of the premium of my residence with even higher coverage ($800,000 vs $540,000 for dwelling and structure) Because many insurance companies have stopped writting new polices in California due to wild fire danger, it would be difficult to find a cheapper alternative. 

Appreciate it very much if someone can comment, share thoughts or give advices. Also, if you use Farmers for both your home and rental property, have you noticed that the rental premium is way cheaper than the home policy?

所有跟帖： 

• come on, don' run naked.. -borisg- ♂ (0 bytes) () 07/10/2023 postreply 13:51:37

• 7~ I went in to see naked :D -徒勞- ♂ (0 bytes) () 07/10/2023 postreply 15:22:54

• 房貸利率最近幾個禮拜漲了0.5個點，不知道坊間盛傳的美國銀行那個雷會不會爆 -伯克希爾哈薩維- ♂ (0 bytes) () 07/10/2023 postreply 14:03:59

• 你別嚇我！美國銀行有什麽雷會暴？我有很多美國銀行的股票。 -hhtt- ♂ (0 bytes) () 07/10/2023 postreply 15:09:05

• 就是貴版經常提起的美國銀行商業地產的雷啊，我也是道聽途說的，哈哈 -伯克希爾哈薩維- ♂ (105 bytes) () 07/10/2023 postreply 15:54:56

• Link？ -牆角數枝梅- ♂ (0 bytes) () 07/10/2023 postreply 15:15:40

• 貴版經常說的商業地產暴雷啊 -伯克希爾哈薩維- ♂ (0 bytes) () 07/10/2023 postreply 15:55:19

• 投資理財除了賺錢，還有一個最重要的，就是風險管理！不怕一萬 就怕萬一，到時美國就算白來了！ -hhtt- ♂ (0 bytes) () 07/10/2023 postreply 14:20:00

• 保險的錢不能省，實在降不下來還是應該買。俺的出租房12年中兩次房客使用中引起的小火災。不一定總是幸運。 -IEbird- ♀ (0 bytes) () 07/10/2023 postreply 14:30:56

• This is the new norm -越王劍- ♂ (0 bytes) () 07/10/2023 postreply 14:31:50

• 膽子真大，保險就是買小概率事件。 -吃貨99- ♀ (0 bytes) () 07/10/2023 postreply 15:08:09

• 如果出租房沒有保險，賣房會?????什麽問題嗎？ -abc1967- ♀ (0 bytes) () 07/10/2023 postreply 15:10:49

• 瑟瑟發抖中：我也在北加，6個Policies with Farmers. 漲這麽多，我要吐血了 -牆角數枝梅- ♂ (0 bytes) () 07/10/2023 postreply 15:15:21

• 羊毛出在羊身上，房租估計很快會再漲一波？ -牆角數枝梅- ♂ (0 bytes) () 07/10/2023 postreply 15:36:20

• 去別的保險公司詢價。我家領導正在做這個事。一般換公司都能省一些。 -2008VGirl- ♀ (0 bytes) () 07/10/2023 postreply 17:00:26

• 沒法消化,就下次續約時加房租 - 手裏有定價權也是件挺開心的事 ~ -wu7788- ♀ (0 bytes) () 07/10/2023 postreply 17:11:39

• 一月漲一百不就好了嗎 -start2020- ♀ (0 bytes) () 07/10/2023 postreply 19:48:45

• 如果有Loan 的房子， Lender 會requst你買， 你不買，他會替你買， 一般比自己買的貴 -snowflying- ♀ (82 bytes) () 07/10/2023 postreply 20:29:25

• 佛羅裏達的房子漲了100%，還威脅不renew了 -Parkbrooke- ♀ (0 bytes) () 07/11/2023 postreply 10:58:00