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11-21-2007, 12:47 AM
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Junior Member
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Join Date: Oct 2007
5 posts, read 7,479 times
Reputation: 10
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approximating the cost of home owners insurance
Can anyone give me a formula for approximating the cost of home owners insurance in Suffolk county? If you can't do that, how about an approximate figure?
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11-26-2007, 10:06 AM
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Junior Member
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Join Date: Nov 2007
3 posts, read 3,836 times
Reputation: 10
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General tip-when I buy homeowner's insurance through a package, it comes out to about $600 for us (about $500K/$1K deductible) BUT much higher when I try to buy it separately (i.e. a cheap car ins. co like Geico that does not offer HO-I'll save $200 on car insurance portion but because I have to buy the HO policy separately, it will cost $600+ more for that portion). Thus, the whole package of policies will cost $300+ more.
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11-26-2007, 10:48 AM
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Real Estate Agent
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Join Date: Aug 2007
Location: East Northport, NY
1,892 posts, read 1,383,120 times
Reputation: 238
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For an "average" home on Long Island, figure about $1500 per year.
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12-04-2007, 07:09 PM
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...tryin to reason with hurricane season...
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Join Date: Nov 2006
Location: Sound Beach
1,272 posts, read 928,109 times
Reputation: 301
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hard time finding a companyt to write us...
In the past week I have had at least 5 insurance companies (incl Geico, USAA, and All-state) tell me they are no longer writing new policies for Suffolk County due to the increased threat of hurricane damage (not increased rates....completly not writing anyone!!). They lump all of Suffolk into the higher hazard area...I am guessing due to the threat from wind primarily.
The one quote I did get (AIG) was over $1800 a year (2800 sq ft house, 275K selling price in Sound Beach)
Has anyone had better luck with homeowners with other companies? Who is writing you?
Thanks!
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12-04-2007, 07:20 PM
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Member
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Join Date: Dec 2007
14 posts, read 19,196 times
Reputation: 13
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Quote:
Originally Posted by TomMoser
For an "average" home on Long Island, figure about $1500 per year.
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Bingo! Right on the money...insurance went up almost 45% this year. |
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12-04-2007, 08:54 PM
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Senior Member
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Join Date: Sep 2007
1,185 posts, read 713,978 times
Reputation: 209
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Quote:
Originally Posted by alexei27
In the past week I have had at least 5 insurance companies (incl Geico, USAA, and All-state) tell me they are no longer writing new policies for Suffolk County due to the increased threat of hurricane damage (not increased rates....completly not writing anyone!!). They lump all of Suffolk into the higher hazard area...I am guessing due to the threat from wind primarily.
The one quote I did get (AIG) was over $1800 a year (2800 sq ft house, 275K selling price in Sound Beach)
Has anyone had better luck with homeowners with other companies? Who is writing you?
Thanks!
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I've been happy with Merrimack Mutual... |
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12-05-2007, 07:08 PM
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Member
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Join Date: Aug 2007
17 posts, read 28,148 times
Reputation: 10
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Homeowners insurance is that high? Cripes! We bought our house 14 years ago and still have the same insurance company....they too no longer write for Long Island, but our premiums are under 500....We're looking to relocate closer to DH work...I guess I'll have to figure that expense as well as higher taxes...ugh!
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