Grayton Interest

[Indigo Jill]

The $2544 home insurance (fire and wind I suspect) is DEAD CHEAP for a $900K home.

That certainly shouldn't be holding anyone back who's looking in that price range.



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No doubt! We live north of 98 in Point Washington - our home is only about 1,600 sqft. and not in a flood zone, and we pay $1950+/year. Our neighbors across the street are with State Farm (but just got notice of cancellation) and they told me yesterday their insurance jumped from $2300 to over $4000!

 

[Jdarg]

Current Insurance and Tax info for 78 Garfield St :

Property Tax - $4,206
Home Insurance - $2,544
Flood Insurance - $264

Our wind insurance is totally separate from our homeowners. Does this home insurance figure include the wind? Our wind insurance alone is $2500. Something does not compute here.

 

[DBOldford]

We have a number of different forms of insurance:
Liability (fire, etc.)
Umbrella from primary residence that covers the second home
Wind (always a separate policy)
Flood (FEMA)
Lost rental revenue policy

Ours runs $4,617 per year on a three-story house in the coastal area, in a flood zone.

So I never understand people saying their insurance was ramped up to double digits. There doesn't seem to be any rhyme or reason to the game.

 

[Lisa Ruby]

Our wind insurance is totally separate from our homeowners. Does this home insurance figure include the wind? Our wind insurance alone is $2500. Something does not compute here.

There are still a few companies that have "all inclusive" policies. The wind deductible is just higher. I pay $1,800 a year for one of these type policies on a cottage in the Seacrest area....a pretty good deal by most standards.
I was required to put the 3M protective film on the windows in order to qualify for the policy. That cost was about another $1,800, but it was worth it to avoid the separate wind with Citizen's at $2,500.

I'll check with the Grayton owner and find out if her policy includes wind.

 

[Smiling JOe]

Donna, that is surprising very inexpensive sounding for your house. Are you sure that you didn't move the decimal over one place? I would have thought insurance for your home would be at least double that. Who is your insurer?

 

[SHELLY]

Donna, that is surprising very inexpensive sounding for your house. Are you sure that you didn't move the decimal over one place? I would have thought insurance for your home would be at least double that. Who is your insurer?

And deductible...


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