Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 08-20-2016, 10:50 PM   #21
Thinks s/he gets paid by the post
Sunset's Avatar
Join Date: Jul 2014
Location: Chicago
Posts: 2,631
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) ?

Sunset is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-20-2016, 10:52 PM   #22
Recycles dryer sheets
Join Date: Sep 2011
Location: Placerville
Posts: 209
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.

skipro33 is offline   Reply With Quote
Old 08-21-2016, 06:17 AM   #23
Thinks s/he gets paid by the post
Join Date: Jun 2003
Location: St. Augustine, Fla.
Posts: 1,142
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.

"Arguing with an Engineer is like rolling in the mud with a pig. Just remember that the pig likes it."
ShokWaveRider is online now   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
homeowners insurance help needed joesxm3 FIRE and Money 6 07-16-2007 11:06 PM
Homeowners Insurance WanderALot Other topics 8 04-10-2007 12:11 PM
Florida homeowners insurance fiasco farmerEd Other topics 11 08-19-2006 04:25 PM
Egads! Homeowners Insurance Momtwo Other topics 7 04-12-2006 03:21 PM
Homeowners Come Up Short on Insurance sgeeeee FIRE and Money 7 08-31-2004 04:55 PM


All times are GMT -6. The time now is 01:16 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.