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Rainmaker
175,464
Spirit Messingham
Tierra Antigua Realty - Tucson, AZ
Third Generation Full-Time Realtor® 520 471-6900

Um, have you had several houses "accidently" burn down?  Our house value is in the $500K price range and we pay $500 a year, and live on an acre with a pool.  I suspect that it might change from state to state?  I know we are getting a good deal and also upped the insurance coverage for some $$$ personal items and run both the home and cars/trucks thru same company for a multiple discount.   $5K?  Wow, you just made me feel very, very good about the company I pay for our home owners insurance, thanks.

Oct 07, 2015 12:29 AM
Rainmaker
394,624
Jill Murty, Realtor - Orange County, CA
Movoto - Laguna Niguel, CA

The price seems very high, but I'd suppose it depends on if you're in a high risk area, if you've had to make multiple claims or both.

I'd shop around for equal coverage and compare price points. 

Oct 07, 2015 12:43 AM
Ambassador
1,371,820
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Sounds pretty normal to me

Oct 07, 2015 12:36 AM
Rainmaker
6,555,059
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

It looks like you are paying a very high price for your insurance. 

 

Oct 07, 2015 12:30 AM
Rainer
145,203
Andrzej Niemyjski
Realty One Group - Sun City West, AZ

Over last couple of years homeowners insurance went up exponentially and yes $5K sounds too high but then its more than cost of the house that goes into determining the premiums 

Oct 07, 2015 12:15 AM
Rainmaker
883,487
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

If I am paying...for anything....it's ALWAYS too high.

So what' new?

When it comes to the real resson I buy insurance, sink holes, the true cost becomes apparent. Then the 'denial of claim' profit structure of insurance companies makes the real cost crystal clear.

Oct 06, 2015 11:53 PM
Rainmaker
2,635,377
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

way too high...However, there factors and variables but still that's up there

Oct 06, 2015 11:49 PM
Rainmaker
1,149,634
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Let me guess, fondation issues, flood plan, roofing etc... Suggest you shop around.....

Oct 06, 2015 11:35 PM
Rainmaker
1,716,762
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

It is too high, of course... but we have to subsidize all  the disasters that happen across the country, resulting in huge claims for the insurance companies.  For example, can you imagine what the cost of replacing all those homes burned in this summers various wild fires is?  Just sayin'.

Oct 06, 2015 11:16 PM
Rainmaker
4,799,481
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It's getting worse and worse, Winston.  The rates don't seem to make sense with the claims.

Oct 07, 2015 04:44 AM
Rainmaker
212,655
Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

Insurance is one of those things, most likely you pay and pay while possible never having a claim, but we have to have it and when something major does happen it is good to have.

I don't pay nearly as much as you do, but I always feel it is to high. Never had an insurance claim car or home. So I am out a lot of money so far in my life.

Oct 07, 2015 02:53 AM
Ambassador
5,367,176
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Seems high, but then you live in Florida where hurricanes hit every year.

Oct 16, 2018 07:05 PM
Rainmaker
1,676,660
Winston Heverly
Winston Realty, Inc. - Atlantis, FL
GRI, ABR, SFR, CDPE, CIAS, PA

Folks, unless you live in S. Florida you don't have a clue about the costs of Homeowners Insurance. Though I like to think there are companies that offer lower rates...NOT. We pay for all this sunshine and a disasterous hurricane now and then...Florida?

 

Oct 07, 2015 01:43 PM
Rainmaker
3,985,837
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

WE are paying 3.5K for $325

Oct 07, 2015 09:23 AM
Rainmaker
819,217
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

I thought ours was outrageously high. It's a bit lower than yours, but the home is valued higher. 

Oct 07, 2015 07:15 AM
Rainmaker
1,636,342
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

You do live in Hurricane Alley! Plus, did you include the Flood and Windstorm coverage in the premium noted?

Oct 07, 2015 05:41 AM