Originally Posted by
Carl Winters
I have used FREA for a number of years but premium continued to go up. I went with another firm this year, have not completely ironed out all the details, they keep leaving things off that I had requested; we'll see. I don't want to put out the name just yet. In this economy we are all looking for the best bang for the buck but you can not deal with these unreasonable insurance companies. I have been in business since 1994; never had to use and premium goes up every year. You have to make alot of inspections and hard to see a profit until you have satisfed all the fees and expenses. Maybe it is time for me to sell out. Anyone wants to buy me out call anytime 24/7. (ha, ha). Honest, you need to check around just like our clients are calling around looking for the best price.
Carl:
FREA has not raised rates since September of '05. The only thing we did was eliminate the association discount across the board a few years back. We also are offering a $100,000 policy in the state of TX (more to follow) in accordance with the new law.
If you are looking at price and price alone, then you will ALWAYS find a cheaper deal somewhere else, I don't care what it is you're buying. Make sure you compare policies, deductibles, how they handle claims, etc., etc. You don't want to find out after the fact that your policy has exclusions for something you're being sued for.
Ben