Homeowners Insurance in LA

[Zachary Boy]

Originally Posted by Raymond

Here is the straight skinny on insurance; we work off of loss ratios.

Money paid in premium versus Money paid in claims. If your losses are greater than premium paid in, look to get dropped. The longer you stay at one company, the higher your premium to loss ratio is and you become an asset instead of a liability to the company. We all take care of our better customers and insurance companies are no different. Yes, there are some $hit companies out there but they are the minority. Find an agent you can trust and stick with them for the long haul and you will be further ahead in the long run.

Do insurance companies give lower rates for steel roofs? My roof (steel) has gone thru 3 hurricanes and has come away unscathed. My neighbor who has shingles is on his 3rd shingle roof @ about $6000/pop. I know I have a lower fire risk due to fireplace embers and damage from hailstorms also.

[Raymond]

Originally Posted by Zachary Boy

Do insurance companies give lower rates for steel roofs? My roof (steel) has gone thru 3 hurricanes and has come away unscathed. My neighbor who has shingles is on his 3rd shingle roof @ about $6000/pop. I know I have a lower fire risk due to fireplace embers and damage from hailstorms also.

Some do some don't, some will not write them at all(I know, seems Stupid). Agents are at the mercy of underwriters (Professional No People)who live inside of a BOX! Unfortunatley, I don't make the rules and it would be scary if I did. Your neighbor is still on the hook for atleast 2% wind deductible if not more.