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Old 08-20-2016, 10:50 PM   #21
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Originally Posted by ShokWaveRider View Post
NE Florida, Home Value $900k House Insurance: $1250 Flood: $400.
Wow.. I thought FL had high insurance, any reason yours is so low (high deductible, built on a hill on stilts) ?

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Old 08-20-2016, 10:52 PM   #22
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I want to also suggest that your deductible be priced at a limit that you could afford to walk away from. If you can afford to loose $5,000 on an asset worth around $750,000 to replace after a loss, then set your policy at $5,000 deductible. The more you can afford to take a hit on, the lower your premium is going to be.

In other words, set the deductible at a level that doesn't damage your quality of life if you had to exercise your policy.

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Old 08-21-2016, 06:17 AM   #23
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Originally Posted by Sunset View Post
Wow.. I thought FL had high insurance, any reason yours is so low (high deductible, built on a hill on stilts) ?
2 miles from the beach, 10ft above sea level, Concrete main structure. $10k deductible.

For a "Stick" house the insurance would be double even more. 1 mile closer to the ocean and that would be anyone's guess.

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