Farmers Insurance to drop Alabama wind policies and increase rates

Alabama homeowners insurance

Over 2,900 properties will be losing coverage across the state. Farmers Insurance has announced that it will be allowing the policies for over 2,900 properties between Baldwin and Mobile counties in Alabama to expire, as they are considered to be rentals. The insurer also announced that there would be statewide increases to its rates. Some areas in Alabama will be experiencing increases to their Farmers Insurance rates that are as high as 35 percent. Equally, some policyholders will find that their own premiums will be falling. All told, there will…

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