home insurance

[ho'ard]

[quote davester]One thing to be aware of is that there are significant issues involved in making a claim (i.e. huge rate increases and cancellation). For that reason it is crazy to have a low deductible because you should only use the insurance for truly catastrophic and expensive events. Personally, I would get the highest possible deductible and suggest that you find out whether you can raise your deductible above $1,000. That still seems far too low to me.
davester is right on here. In post-911 America, many insurance companies drop you after 2 claims, so there's no sense claiming anything short of a fire or the roof blowing off.

My premium and my amounts on the 2-flat I live in are remarkably similar to yours, davemachine.


(let history record that I agreed unequivically with davester on something)

[Mr645]

damn, I paid $3700 for $174K coverage w/ a 2.5% deducable for windstorm and $1000 for other losses.

South Florida

[graylocks]

[quote Mr645]damn, I paid $3700 for $174K coverage w/ a 2.5% deducable for windstorm and $1000 for other losses.

South Florida
i read an article a few weeks ago that FL and many states all along the eastern seaboard are getting slammed by home insurance rates.

[Racer X]

well, um...shouldn't they graylocks?

If I live on the side of an active volcano, shouldn't my earthquake and fire insurance cost more?

[graylocks]

[quote Racer X]well, um...shouldn't they graylocks?

If I live on the side of an active volcano, shouldn't my earthquake and fire insurance cost more?
FL i understand but this article said it was affecting places like Rhode Island, Jersey, and Maine.

i just googled and the article i read was similar in thrust to this one:

[Racer X]

2004 hurricane tracks. look at all the tropical storms, and tropical depressions hitting in the new england seaboard.