I'll make the case for no property insurance at all. (If you have no mortgage?) I was with State Farm for years and the rate roughly tripled after the 2004 hurricanes. Last year I said "No thanks." I refuse to pay 1-2% of FAIR market value to insure against (in my mind) very small risks. Ah, now to worry about the reported sinkholes in my subdivision (welcome to Hernando County).
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I've got nothing against an honest day's work, provided that someone else does it.
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