Property Insurance

[FLYINGCYCLONE]

My renewal for my property insurance showed up in the mail today. Up 20%. I have had no claims in the last 3 years so I get a small deduction . Wow big deal. My agent wasn’t in the mood to discuss it with me because it is Friday, he has to work late today because he has a number of customers who have been dropped, so he is looking for new companies to get them coverage. I didn’t complain after that. I hope you aren’t someone who has been dropped.
Go Cyclones.

 

[gocy444]

You should call Colin Newell.

 

[ianoconnor]

Insurance is brutal right now. In the multifamily space we've seen 30-40% annual increases across the board the last several years.

 

[chadly82]

My renewal for my property insurance showed up in the mail today. Up 20%. I have had no claims in the last 3 years so I get a small deduction . Wow big deal. My agent wasn’t in the mood to discuss it with me because it is Friday, he has to work late today because he has a number of customers who have been dropped, so he is looking for new companies to get them coverage. I didn’t complain after that. I hope you aren’t someone who has been dropped.
Go Cyclones.

Honestly 20% is on the low end.

 

[chuckd4735]

Derecho claims are making Iowa rates increase. Same things happened about 10-12 years ago because of the flooding in Cedar Rapids.

 

[nfrine]

My renewal for my property insurance showed up in the mail today. Up 20%. I have had no claims in the last 3 years so I get a small deduction . Wow big deal. My agent wasn’t in the mood to discuss it with me because it is Friday, he has to work late today because he has a number of customers who have been dropped, so he is looking for new companies to get them coverage. I didn’t complain after that. I hope you aren’t someone who has been dropped.
Go Cyclones.

Consider yourself lucky.

 

[Drew0311]

I’m an insurance agent. Just be happy you live in Iowa. We didn’t take near the hit most of the country has taken like Florida, Texas, California. Iowa is not bad but yeah it still sucks

 

[danvillecyclone]

1 word.

Derecho

 

[Des Moines Clone]

Yeah, pretty much all real estate insurance is shooting up right now. I've seen rates for commercial buildings skyrocket too

 

[CascadeClone]

I’m an insurance agent. Just be happy you live in Iowa. We didn’t take near the hit most of the country has taken like Florida, Texas, California. Iowa is not bad but yeah it still sucks

Compounding the problem is rebuild costs are up a ton due to inflation. So more losses on top of higher costs of those losses. Double whammy.

 

[mynameisjonas]

I’m looking to make a change. Can anyone recommend a good agent in central Iowa?

 

[ianoconnor]

I’m looking to make a change. Can anyone recommend a good agent in central Iowa?

Someone here on CF recommended these guys a couple years ago and I've had a good experience. Andrew is my agent.

Cupp Insurance

 

[chadly82]

I’m looking to make a change. Can anyone recommend a good agent in central Iowa?

I have 6-7 options and a new one as of last week that’s very good. PM if interested in a quote

 

[NickTheGreat]

That's kinda how insurance works.

 

[Sparkplug]

You should call Colin Newell.

I’m already using FB insurance. Can I change agents?

 

[CyGuy5]

I’m already using FB insurance. Can I change agents?

You actually can, I’m in the same boat and I’ve thought about switching to Newell just to give my money to a Cyclone

 

[Drew0311]

I’m looking to make a change. Can anyone recommend a good agent in central Iowa?

Lang insurance is a great insurance company out of Norwalk. I am an agent but don’t do the business you would need. I totally recommend them to anyone

 

[SECyclone]

Had to make the switch this year. Went to State Farm and saved a ton. Grinnell mutual rates skyrocketed this year

 

[cycloner29]

Had to make the switch this year. Went to State Farm and saved a ton. Grinnell mutual rates skyrocketed this year

We have vehicle and homeowners insurance with State Farm. Bundling does help with discounts.

For those saying deracho is the big reason for increases, that was almost 3 years ago. I just find it hard it would take that long for rates to adjust here.

 

[twincyties]

Increased risk if natural disaster x increased cost of materials x increased cost of labor = higher premiums