Texas Specific Deductible and Rate Increases

[todd02]

So I'm an agent with Farmers and this year alone we had to increase our wind/hail deductible to 1.5% on new business and increased rates 9.9% in march and increasing them again 15% in sept. anyone else care to share what other companies are having to do in Texas. I'm sure it's not just Farmers doing it except I know we are first to.

 

[Texasproducer]

So I'm an agent with Farmers and this year alone we had to increase our wind/hail deductible to 1.5% on new business and increased rates 9.9% in march and increasing them again 15% in sept. anyone else care to share what other companies are having to do in Texas. I'm sure it's not just Farmers doing it except I know we are first to.

I'm an indie here in Dallas and Ive had numerous customers contact me about this Farmers 1.5% deductible. None of our carriers have made and changes like this but they have become much more pushy on the home/auto bundle. Some have surcharges their monoline property customers.