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MrsKellyBride
Mommy of 3!
Member since 8/06 1617 total posts
Name:
Kelly
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How much do you pay for Homeowner's Insurance...apparently there was a NY state increase this year???
Ours went up $175 this year...our insurance compnay is saying that there was a NY rate increase in December 2009.
Just curious what people pay for homeowner's insurance each year?
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Posted 6/3/10 9:54 AM  |
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Prudential Douglas Elliman Real Estate
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Smileyd17
kids
Member since 5/05 20997 total posts
Name:
Mommy
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Re: How much do you pay for Homeowner's Insurance...apparently there was a NY state increase this year???
Its going to vary for everyone who answers.
Rates are based on the dwelling amt, what deductible is taken, endorsements etc.
You arent going to get consistent answers. Best thing is to call you agent, discuss the policy and if anything can be done to help save some $.
Unfortunately working for an insurance company myself, yes, there was a rate increase for us as well.
Most companies arent even writing homeowners. Its been a very tough market.
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| Posted 6/3/10 2:07 PM |
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ny55angel
car seat tech & geek :-)
Member since 2/06 4346 total posts
Name:
P
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Re: How much do you pay for Homeowner's Insurance...apparently there was a NY state increase this year???
most companies did have rate increases (esp. on LI) but usually a homeowners policy has a general increase from year to year for "cost of living/reconstruction"
Look at your policy from last year & this year - your dwelling coverage as well as Other structures, personal property and loss of use should have increased. If so - that's where some (if not all) of your difference came from as well.
HTH !!
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| Posted 6/3/10 2:30 PM |
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jen919ifer
LIF Adolescent
Member since 7/08 803 total posts
Name:
Jennifer
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Re: How much do you pay for Homeowner's Insurance...apparently there was a NY state increase this year???
I deal with about 15 different insurance carriers and I would say most took a rate increase this year, not all, but most....
I am hearing the waters are very warm right now, which is a bad thing due to hurricanes and tropical storms, so make sure your homes are properly insured. You should know what your hurricane cat triggers are, each company is different.
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| Posted 6/3/10 4:27 PM |
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cutie
LIF Adult
Member since 2/06 1893 total posts
Name:
Janine
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Re: How much do you pay for Homeowner's Insurance...apparently there was a NY state increase this year???
Ours went up about $200 this year. Since we bought the house 5 years ago, our premiums have more than doubled!
We haven't made any changes to coverage and we haven't had any claims.
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| Posted 6/3/10 7:03 PM |
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Mrs213
????????
Member since 2/09 18986 total posts
Name:
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Re: How much do you pay for Homeowner's Insurance...apparently there was a NY state increase this year???
890 for year
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| Posted 6/3/10 7:28 PM |
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KittyGags
LIF Adult
Member since 7/09 5614 total posts
Name:
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Re: How much do you pay for Homeowner's Insurance...apparently there was a NY state increase this year???
this is so bad but I don't even know what we pay...ours is all bundled together with our cars.
I know we pay ALOTTTTTTTT because we have a pool. My neighbor told me the other day that he broke his neck in my pool 3 years ago!
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| Posted 6/3/10 8:13 PM |
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Mrs213
????????
Member since 2/09 18986 total posts
Name:
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Re: How much do you pay for Homeowner's Insurance...apparently there was a NY state increase this year???
Posted by KittyGags
I know we pay ALOTTTTTTTT because we have a pool. My neighbor told me the other day that he broke his neck in my pool 3 years ago!
Don't let HIM back over!!
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| Posted 6/3/10 8:33 PM |
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ChrisDee
My Girls
Member since 11/06 9543 total posts
Name:
Christine
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Re: How much do you pay for Homeowner's Insurance...apparently there was a NY state increase this year???
$1,100
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| Posted 6/3/10 10:25 PM |
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ny55angel
car seat tech & geek :-)
Member since 2/06 4346 total posts
Name:
P
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Re: How much do you pay for Homeowner's Insurance...apparently there was a NY state increase this year???
Posted by cutie
We haven't made any changes to coverage and we haven't had any claims.
You might not have requested changes to coverages, but most companies do it automatically.
Between that increase and typical rate increases, unfortunatly that's why it's jumped so much.
Why does it seem like everything goes up every year but salaries don't 
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| Posted 6/4/10 11:49 AM |
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Smileyd17
kids
Member since 5/05 20997 total posts
Name:
Mommy
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Re: How much do you pay for Homeowner's Insurance...apparently there was a NY state increase this year???
Yup, inflation has to occur every yr so the rate will always increase on your homeowners. (meaning the dwelling increases)
That with rate increases, big changes!
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| Posted 6/4/10 11:52 AM |
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