Any Home Insurance Experts?

[mcppalmbeach]

We own a home that we rent and just got a notice of no renewal from insurance. I’m not surprised because we are hearing lots of non renewal stories and big rate increases. We’re in Florida. When I called our agent she was basically like “ok, you’ll hear from me about 30 days prior to your renewal date.” I told her I preferred to not to wait that long to change policies and would rather change sooner than later and get the prorated money back from the first company. Mainly I don’t want to be scrambling at the last minute...what if there’s less policy writing going on then than now or there’s another major storm before season is over And rates jump or if the election impacts things (would that happen? I don’t know). I’d at least like her to take a look and see if we can jump into something similarly priced now and then if that’s not possible have a plan of action. Right now we make no money on renting this house, we are just trying to recoup what we put into it before the market crashed in ‘08. If the rate jumps are that dramatic we might have to just sell. Anyway, when I said all that the agent was like “well. I’ll try to see if I can find you something sooner,” but she didn’t seem all that enthused about it. Is it crazy to want to switch now when I know it’s a tight insurance market?

[dancelnow]

Not crazy. Call up another agent for quotes.

[liverandonions]

I work in insurance I can understand why this would be less than ideal from thew agency/company end. When is your non-renewal date? You can shop for other insurance while still insured elsewhere, and bind a policy eff the date of non-renewal of the current company. Then you don't need to deal with all the pro-rated stuff and it's more seamless transition.

ETA: You can usually quote and bind within 60 days 

[twilightmv]

It could be a pain in the ass. Most policies do transition on renewal effective dates traditionally.
She may need time to shop out a non-owner occupied location that is being non renewed (in Fl....). Not a lot of markets will want it. You also may not get money back depending on your payment plan and what cancelation policy applies to you if you cancel early (if you've paid in full you would of course get money back).
But it's not impossible if that's what you want.