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Old 11-20-2007, 11:47 PM
 
5 posts, read 37,561 times
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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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Old 11-26-2007, 09:06 AM
 
3 posts, read 22,204 times
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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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Old 11-26-2007, 09:48 AM
 
Location: East Northport
3,268 posts, read 8,385,274 times
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For an "average" home on Long Island, figure about $1500 per year.
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Old 12-04-2007, 06:09 PM
 
Location: Sound Beach
2,160 posts, read 6,711,406 times
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Default 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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Old 12-04-2007, 06:20 PM
 
14 posts, read 84,224 times
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Quote:
Originally Posted by TomMoser View Post
For an "average" home on Long Island, figure about $1500 per year.
Bingo! Right on the money...insurance went up almost 45% this year.
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Old 12-04-2007, 07:54 PM
 
1,303 posts, read 2,963,846 times
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Quote:
Originally Posted by alexei27 View Post
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!
I've been happy with Merrimack Mutual...
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Old 12-05-2007, 06:08 PM
 
22 posts, read 116,165 times
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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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Old 06-19-2012, 05:41 AM
 
Location: Long Island, NY
98 posts, read 205,486 times
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Quote:
Originally Posted by geodon View Post
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!
It's quite possible that you are grossly under-insured if you've had the same HO policy with the same company for so long. At $500 a year, more than likely, your policy has a Coverage A amount that is nowhere near what it would cost to rebuild your home using like kind and quality materials, exactly the way the house was prior to suffering a total loss.

*General*

When it comes to liability insurance (auto, homeowners, or commercial), do not consider "averages" as each case is completely unique. The only way to get an idea of what it will cost YOU for coverage is to have a reputable insurance broker underwrite your case with numerous carriers for quotes. If you need additional information, send me a private message.
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Old 06-19-2012, 06:10 AM
 
1,732 posts, read 2,955,019 times
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Quote:
Originally Posted by browse View Post
bingo! Right on the money...insurance went up almost 45% this year.
exactly!
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Old 06-19-2012, 07:53 AM
 
245 posts, read 419,317 times
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State Farm is still writing policies for Suffolk. I've only been with them for a few years (since Allstate dropped my HO) BTW I dropped them from my cars. I'm paying about $1100. The closer to are to water the higher the rates.
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