how much is your homeowner's insurance (andapprox house value).
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Anonymous
| feeling like we are way overpaying. 2500 insurance, 550k house. |
Anonymous
| 700K ( and 600K mortgage) house, 900-1000 insurance. we are in desirable are of DC, so land itself would be at least half of value of house. the mortgage company was happy with value of insurance |
Anonymous
| $2800 for $3.5M house. Your deductible is probably too low. |
Anonymous
| 450k house, 700 insurance premium. 2k deductible. |
Anonymous
| 900k, about $1500 a year. We opted for what's called "replacement cost" coverage. It costs a bit more but it provides what it says. Amazingly most policies don't. |
Anonymous
| About $1300 on a home worth $525k. In VA. |
Anonymous
| $800 on 550 house in southern California. 1500 if you include earthquake. Unless you live in hurricane country, I'd say you are paying too much. |
Anonymous
you don't insure the land your house sits on. What else is in th e OP policy? do you have an umbrella? jewelry or art? |
Anonymous
| rebuild cost our house is insured for is about $230k. (Home value about $600k but mostly land). Policy costs about $1000 a year, including a jewelry rider covering about $10k, plus a $1000 deductible. |
Anonymous
| also, OP, have you ever had a claim? Mine was sky high when I first bought my house as I'd previously claimed on my renters insurance for a burglary. It went from 2500 to less than 1k in the space of two years once some time had passed since the burglary. |
Anonymous
| Or was there a claim on your house before you bought it? Same point as PP's would apply. |
Anonymous
|
In Tysons, house is worth 950k, rebuild of 660k , guaranteed replacement cost, $1000 deductable, $21,000 engagement ring coverage, ~$1000 a year.
We switched from USAA which tried to claim our house was 1 million to rebuild and wanted $1900/ year w/o engagement ring. We picked erie which is always in the top 4 best reviews, has no hurricane deductable and great coverage. We ended up switching not just our primary but everything from USAA to erie (5 policies auto, 2 rentals and primary) and saved probably about 40-50% |
Anonymous
Also note quotes are dependent on a lot of factors such as your claim history, credit scores, claims on the homes, if you have more than one policy also the insurance company has a rating on each home's risk based on claims of any owners, crime etc... |
Anonymous
| Your jewlery coverage is 1k per year for just an engagement ring? That seems high. |
Anonymous
| Duh. Nevermind. |