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Reply to "Owning a home in Florida"
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[quote=Anonymous]When we lived in Miami, home owners insurance was $12K/year for a $500K SFH not on the coast. And we were lucky in that we were even able to get insurance. A lot of our neighbors who owned their homes outright did not bother getting insurance and saved money instead to rebuilt. Oh, and you can't get a mortgage unless you have insurance, so hopefully you're buying cash.[/quote]
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