JoeWras
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Sep 18, 2012
- Messages
- 12,216
Lost me at "propaganda"
Relax Joe, not every comment is political. He is effectively saying that there are comments out there of very large home insurance premiums and the responses so far don't appear to support that concept.Lost me at "propaganda"
+100Relax Joe, not every comment is political. He is effectively saying that there are comments out there of very large home insurance premiums and the responses so far don't appear to support that concept.
Not in a Fire/Eartquake/Tornado zone, but aren't you effectively in a hurricane zone (Hurricane Michael most recently) which is partly to blame for the increases?Your State and general location: FL Panhandle
Home Size & Value: 2800 sq. ft. ($1,100,000)
Construction Material: Frame/cement siding. Built in 2016
Distance From the Coast (As the Crow Flies): 1.0 mile
Located in a Fire Risk area: No
Located in an Earthquake Zone: No
Located in a Tornado Zone: No
Gated Community with Manned Gates: Yes/unmanned
Latest Annual Insurance Payment: $5,000, up from $4,500 in 2023, and $3,000 in 2022. Was ~$2,000 in 2016
So, yeah, a very large increase recently.
Oh, yeah! It's a 130-ish MPH zone halfway between Michael's landfall in Mexico Beach and Pensacola. Fortunately, I didn't have any damage from Michael. The map is part of 2020 building code.Not in a Fire/Eartquake/Tornado zone, but aren't you effectively in a hurricane zone (Hurricane Michael most recently) which is partly to blame for the increases?
Year | Homeowners |
2023 | $ 2,257.15 |
2022 | $ 1,979.15 |
2021 | $ 1,788.15 |
2020 | $ 1,551.15 |
2019 | $ 1,367.15 |
2018 | $ 1,218.85 |
2017 | $ 1,182.15 |
2016 | $ 1,124.15 |
2015 | $ 1,091.15 |
2014 | $ 890.00 |
2013 | $ 774.00 |
2012 | $ 829.00 |
2011 | $ 865.00 |
2010 | |
2009 | $ 796.00 |
2008 | |
2007 | |
2006 | |
2005 | |
2004 | |
2003 | |
2002 | $ 645.00 |
2001 | $ 515.00 |
Smaller house but on Cape Cod, so there is that.Your State and general location: Cape Cod, MA
Home Size & Value: 842 sq ft. $435k
Construction Material: block foundation, stick frame
Distance From the Coast (As the Crow Flies): 1,000 feet to the east, and 2,000 feet to the south
Located in a Fire Risk area: No
Located in an Earthquake Zone: No
Located in a Tornado Zone: No
Gated Community with Manned Gates): No
Latest Annual Insurance Payment: $1,435 (includes $500k in liability to qualify for Umbrella policy) Also in the MA Fair Plan since all carriers pulled out of my area. (I am Not in a flood zone.)
I think I win for smallest house on this thread, LOL!
Have the ability, but I'll pass on the opportunity. Enough experience supporting sophisticated modeling to know all that would come from it is a table of curiosity and nothing indicative or actionable.Would some kind member who is a little more analytical that I take the info gathered from this thread and plug it into a spreadsheet so we can do some analytics? VERY wishful thinking on my behalf, I am being a little cheeky asking I know , but it may be useful to see what percentage of insurance premiums are getting silly vs tolerable for a given location. ~$5k for me is not tolerable, up to about $2.5k would be.