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 -徒劳- ♂ (0 bytes) () 07/10/2023 postreply 15:22:54

• 房贷利率最近几个礼拜涨了0.5个点，不知道坊间盛传的美国银行那个雷会不会爆 -伯克希尔哈萨维- ♂ (0 bytes) () 07/10/2023 postreply 14:03:59

• 你别吓我！美国银行有什么雷会暴？我有很多美国银行的股票。 -hhtt- ♂ (0 bytes) () 07/10/2023 postreply 15:09:05

• 就是贵版经常提起的美国银行商业地产的雷啊，我也是道听途说的，哈哈 -伯克希尔哈萨维- ♂ (105 bytes) () 07/10/2023 postreply 15:54:56

• Link？ -墙角数枝梅- ♂ (0 bytes) () 07/10/2023 postreply 15:15:40

• 贵版经常说的商业地产暴雷啊 -伯克希尔哈萨维- ♂ (0 bytes) () 07/10/2023 postreply 15:55:19

• 投资理财除了赚钱，还有一个最重要的，就是风险管理！不怕一万 就怕万一，到时美国就算白来了！ -hhtt- ♂ (0 bytes) () 07/10/2023 postreply 14:20:00

• 保险的钱不能省，实在降不下来还是应该买。俺的出租房12年中两次房客使用中引起的小火灾。不一定总是幸运。 -IEbird- ♀ (0 bytes) () 07/10/2023 postreply 14:30:56

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

• 胆子真大，保险就是买小概率事件。 -吃货99- ♀ (0 bytes) () 07/10/2023 postreply 15:08:09

• 如果出租房没有保险，卖房会?????什么问题吗？ -abc1967- ♀ (0 bytes) () 07/10/2023 postreply 15:10:49

• 瑟瑟发抖中：我也在北加，6个Policies with Farmers. 涨这么多，我要吐血了 -墙角数枝梅- ♂ (0 bytes) () 07/10/2023 postreply 15:15:21

• 羊毛出在羊身上，房租估计很快会再涨一波？ -墙角数枝梅- ♂ (0 bytes) () 07/10/2023 postreply 15:36:20

• 去别的保险公司询价。我家领导正在做这个事。一般换公司都能省一些。 -2008VGirl- ♀ (0 bytes) () 07/10/2023 postreply 17:00:26

• 没法消化,就下次续约时加房租 - 手里有定价权也是件挺开心的事 ~ -wu7788- ♀ (0 bytes) () 07/10/2023 postreply 17:11:39

• 一月涨一百不就好了吗 -start2020- ♀ (0 bytes) () 07/10/2023 postreply 19:48:45

• 如果有Loan 的房子， Lender 会requst你买， 你不买，他会替你买， 一般比自己买的贵 -snowflying- ♀ (82 bytes) () 07/10/2023 postreply 20:29:25

• 佛罗里达的房子涨了100%，还威胁不renew了 -Parkbrooke- ♀ (0 bytes) () 07/11/2023 postreply 10:58:00