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Lori11514
LIF Infant
Member since 11/10 229 total posts
Name:
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Holy Insurance Batman!!!
I spent most of my life in the South where things are cheap, so when shopping for our home, it took me awhile to get used to the older homes, then I had to get used to the insane housing prices, after that I had to get used to insane property taxes and now.... INSURANCE.
We just got our first quote and it was $2300 for $450 of coverage and a $1000 deductible. Somebody PLEASE tell me that this is insanely high and that homeowners insurance is closer to $1200 a month. Please?! Seriously, is this normal?
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Posted 1/5/11 6:14 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
JustJack
:)
Member since 2/06 2041 total posts
Name:
J
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Re: Holy Insurance Batman!!!
Our homeowners insurance is 1000 a year (just went up from 900), so yes that seems high. I think we are covered for 400,000.
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| Posted 1/5/11 6:23 PM |
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MsSissy
xoxoxo
Member since 3/07 39159 total posts
Name:
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Re: Holy Insurance Batman!!!
Are you by the water?
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| Posted 1/5/11 6:27 PM |
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Lori11514
LIF Infant
Member since 11/10 229 total posts
Name:
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Re: Holy Insurance Batman!!!
We're about .8 of a mile from Huntington Harbor.
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| Posted 1/5/11 6:39 PM |
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LMFitz
life is good
Member since 5/05 2013 total posts
Name:
L
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Re: Holy Insurance Batman!!!
I'm about 100 yards from water in Centerport, and I only pay $1600 a year. State Farm wouldn't cover me as a flood risk,so I had to shop it out (and glad I did).
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| Posted 1/5/11 6:54 PM |
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Mrs213
????????
Member since 2/09 18986 total posts
Name:
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Re: Holy Insurance Batman!!!
we pay 865 a year through interboro
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| Posted 1/5/11 7:40 PM |
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Ma-n-Pa2008
Mommy's Big Boy
Member since 3/09 2584 total posts
Name:
Melissa
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Re: Holy Insurance Batman!!!
ours is around $1100 a year
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| Posted 1/5/11 9:41 PM |
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Goobster
:)
Member since 5/07 27557 total posts
Name:
:)
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Re: Holy Insurance Batman!!!
Posted by Lori11514
I spent most of my life in the South where things are cheap, so when shopping for our home, it took me awhile to get used to the older homes, then I had to get used to the insane housing prices, after that I had to get used to insane property taxes and now.... INSURANCE.
We just got our first quote and it was $2300 for $450 of coverage and a $1000 deductible. Somebody PLEASE tell me that this is insanely high and that homeowners insurance is closer to $1200 a month. Please?! Seriously, is this normal?
Do you mean 1200 a year?
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| Posted 1/5/11 10:06 PM |
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Mrs-D-Girl
Love my fur baby
Member since 8/07 5183 total posts
Name:
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Re: Holy Insurance Batman!!!
Posted by Lori11514
I spent most of my life in the South where things are cheap, so when shopping for our home, it took me awhile to get used to the older homes, then I had to get used to the insane housing prices, after that I had to get used to insane property taxes and now.... INSURANCE.
We just got our first quote and it was $2300 for $450 of coverage and a $1000 deductible. Somebody PLEASE tell me that this is insanely high and that homeowners insurance is closer to $1200 a month. Please?! Seriously, is this normal?
That quote was for a year, no way a month (I work in the Industry)
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| Posted 1/6/11 8:39 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Holy Insurance Batman!!!
We pay about $1300 a year. Don't know why but I think that's high. I also have $1000 deductible. It's with State Farm.
I will say that I really like State Farm. They covered a loss I had better than I could ever hope for.
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| Posted 1/6/11 8:50 AM |
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Lori11514
LIF Infant
Member since 11/10 229 total posts
Name:
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Re: Holy Insurance Batman!!!
Yes, sorry I meant a year not a month.  If it were a month I'd have moved back to Charlotte immediately, husband or no husband! 
My parents have State Farm and my grandparents and their parents etc. and have always had great luck. I'm going to make sure thats one of the companies quoted.
We do have things that I would imagine make our premium higher, our dormer has a flat roof, we're a mile from the water and we have a buried oil tank (we're switching to gas next year, but with closing costs etc it's just not in the budget right now).
We're supposed to talk this morning, now that I had a bottle of wine and some sleep last night. Hopefully I get better news. You guys are amazing!
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| Posted 1/6/11 8:55 AM |
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Re: Holy Insurance Batman!!!
While you’re shopping for home insurance quotes, get one from The Hartford too. They have been really good with my claim and I recommend them to everybody whenever I can. I am a member of AARP so have their car and home insurance through AARP.
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| Posted 1/19/11 7:00 AM |
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Smileyd17
kids
Member since 5/05 20997 total posts
Name:
Mommy
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Re: Holy Insurance Batman!!!
Posted by Blu-ize
We pay about $1300 a year. Don't know why but I think that's high. I also have $1000 deductible. It's with State Farm.
I will say that I really like State Farm. They covered a loss I had better than I could ever hope for.
Good to hear!
For OP- State Farm you wont be eligible for, due to location/proximity to water.
You may be eligible for CMAP coverage.
Message edited 1/19/2011 12:08:32 PM.
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| Posted 1/19/11 12:07 PM |
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Coosie
So in love with my little boy!
Member since 1/10 1889 total posts
Name:
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Re: Holy Insurance Batman!!!
The flood insurance is what is going to kill you. We looked at a house near the water too and the homeowners ins actually wasn't so bad, but the flood ins was crazy. And from what I understood, there's not really too much shopping around for flood ins. I think the rate is just based off of the exact distance you are from the water. I think FEMA or one of those agencies just dictates the amount. Even with all that though, your original quote still seems high. We were going to buy, literally, right across from the water, and it still wasn't as high as your quote.
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| Posted 1/19/11 3:17 PM |
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