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03-18-2023, 01:15 PM
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#41
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2014
Posts: 6,428
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 Quote:
Originally Posted by aja8888
No hurricanes in Nevada! But don't you live in a condo complex with HOA coverage for re-roofing?
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Yes the homeowner’s insurance only needs to cover from the walls in because it’s a 3 story building. So a roof is not my individual responsibility.
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03-18-2023, 01:36 PM
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#42
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2014
Posts: 6,346
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Quote:
Originally Posted by bigcmagor
We've self insured for ten years in Florida. When we made the decision, the house would have sold for $50k more than the land value so I figured that was what we were risking, plus the cost of demolition. <snip> I'll admit that I question the wisdom of the decision each time something spins up offshore, but so far it's worked out.
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My parents lived in N. Myrtle Beach about a mile from the ocean but on the ocean side of the Intracoastal Waterway. They made the same decision for the same reason- the land was worth more than the house and they had the resources to go elsewhere if it washed away. Dad sold it at a nice price after Mom died so it worked well for them.
I just got my bill- almost no change, which was a pleasant surprise. I'm in the Kansas City area where tornadoes are the biggest risk.
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03-18-2023, 02:14 PM
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#43
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 15,629
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Home owner insurance up 20%.
__________________
The worst decisions are usually made in times of anger and impatience.
Self proclaimed President for Life of Outliers United.
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03-18-2023, 02:19 PM
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#44
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Thinks s/he gets paid by the post
Join Date: Jun 2021
Posts: 1,082
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Southern Nevada: Homeowner insurance on single family home, $1432 in Jan 2022, $1415 in Jan 2023. Same coverage with same insurance company, i.e. Travelers. 
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03-25-2023, 07:30 AM
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#45
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Thinks s/he gets paid by the post
Join Date: Apr 2008
Posts: 1,613
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Our homeowner's policy comes due in the next couple of months, and if the current mailers from the various insurance companies are any indication, we may be seeing a sizable spike in the premiums. These flyers usually have suggested premiums that are in the ballpark of what we obtain. What we have been seeing this past week in the "offers" is rather shocking. Central Texas.
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03-25-2023, 09:45 AM
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#46
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Administrator
Join Date: Apr 2006
Posts: 20,519
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Just got my renewal. Up 15% this year.
__________________
Living an analog life in the Digital Age.
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03-25-2023, 01:45 PM
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#47
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 7,451
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Quote:
Originally Posted by statsman
Our homeowner's policy comes due in the next couple of months, and if the current mailers from the various insurance companies are any indication, we may be seeing a sizable spike in the premiums. These flyers usually have suggested premiums that are in the ballpark of what we obtain. What we have been seeing this past week in the "offers" is rather shocking. Central Texas.
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I did a deep dive based on the mailers we got last year. Many of the estimates were not even in the ballpark and the savings were not worth the effort to switch. We stayed with current insurer that put a new roof on for us in 2020.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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Yesterday, 12:02 PM
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#48
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Posts: 1,496
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Quote:
Originally Posted by socca
After much research I've come down to three options for renewing (or not) my SW FL homeowner's insurance:
(1) self-insure
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(2) Citizens
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(3) Mom & Pop
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Decisions, decisions ...  |
I went with Citizens. The premium is about 10% higher than last year's (UPC) but the coverage is substantially higher, too. If Citizens wasn't an option it would be a toss-up between self-insure and Mom & Pop.
Citizens has the option to levy a special assessment on all policyholders if it runs out of money after a major disaster. Considering the very reasonable premium, this is fine with me. Another oddity coming in a few years is the requirement for all policyholders to have flood insurance. I'm not going to worry about that now. 
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Yesterday, 12:24 PM
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#49
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Recycles dryer sheets
Join Date: Jun 2010
Posts: 186
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We are in SE FL.
Brand new-construction house (less than 2 years old), everything built up to the latest Miami-Dade code, impact windows throughout, concrete-block, no claims, about as far away from the beach as you can possibly get in our county, no-flood area, etc., etc. In other words, as good as it can get, all things considered. Even then, we are paying about $2400/year.
The situation will only get worse in FL. For this and many other reasons. I personally hate what the state has become. We hope to get out of here in a few years. In the meantime, I will continue insuring as long as I can afford it.
Having said this, the house is paid for, so I have considered self-insuring if the above rate were to double.
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Today, 08:01 AM
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#50
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 7,451
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DC suburbs.
92% jump.
OUCH.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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Today, 08:12 AM
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#51
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2016
Location: Northern Virginia
Posts: 5,701
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Quote:
Originally Posted by jazz4cash
DC suburbs.
92% jump.
OUCH.
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Hope you have an independent agent.
Our homeowner's went up but auto went down so net was flat.
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