Homeowners Insurance in Gulfport-Biloxi Area

[prtyof4]

Come on over about 45 minutes to our town...we are centrally located within an hour of New Orleans, Hattiesburg and the Gulf Coast. Great little community college (PRCC) and the town is growing and hiring lots of people (new Home Depot, Wal mart hiring at 8 something an hour etc) Low home prices and great people! No flood insurance in most areas and low insurance in general!!

Just another option!

[blueridgemama]

We're moving down there. We were quoted $3300 per year on a house worth $260K. It is near the interstate but it is south of the interstate. They say it didn't flood in Katrina.

[tyeebeacon]

Frankly speaking, if my home were payed clear I would not even have insurance on my property. I payed for over 20 years, never once had flooding, did not live in a flood zone. One time a car ran into my house and broke up some brick, that was 4 years before katrina. I received over 6000.00 to repair that wall. Katrina, had a tidal wave go through my neighborhood pushed by wind, home was totally destroyed, nothing but a shell left, insurance gave me 4300. I would put the money that I payed every year into insurance and put into savings and hope for the best. Insurance companies are in my opinion the lowest of the low. I am waiting for the day when I do not have to deal with them at all.

[ITSME2008]

I just got off the phone with Flood/Wind & Hail/and my homeowner's insurance companies.

Here is how it is breaking down...

For a home with a rebuild value of $238k...

Homeowners... $1,000
Flood (in flood zone x)... $ 349
Wind & Hail......... $3,437
Total.............. $4,786

or monthly $398.83 ($400)



HOLY MOLEY!!!!

[Moy]

We live south of the tracks in Waveland. State Farm put us in the wind pool last year. We insured our new home for $289K and contents for $100K, with a "named storm deductible" of 2%. The annual MWUA (wind pool) cost for just wind and hail was $4889. We applied for the 20% BCEGs discount/credit this past year (by providing State Farm with a copy of our Certificate of Occupancy) and that dropped our annual wind pool insurance cost to $3886. However, I have recently learned of some sort of federal "supplement" that may reduce our wind and pool premium by another 50%. I'm trying to track down the details of that this week.
Our homeowners and flood policies have not changed much since the storm. We still pay approximately $1200/yr for homeowners and $400/year for flood insurance.
Hope this helps.

[dolphinsfan1966]

I wouldn't bother moving to MS unless you want to build ships in pascagoula, or make gas at chevron, because there isn't much else here....MS is a cheap labor state, which is why the ship building industry is here, they don't plan to pay very much....

[Moy]

I've found a lot of very good reasons to want to stay in Mississippi. I've got a good job -- not making gas or building ships, but I imagine those are good jobs, too. The Mississippi coastline is one of the most affordable with respect to living on the beach. I love the South. It seems that most folks find in life whatever they are looking for -- wherever they go.

[poptones]

I just lost my home less than a year ago. At $85000 it was totally UNinsured, even after buying a foreclosure for the price of a decent used car it was still nto enough after buying appliances, furniture, vacuum cleaner, dishes, towels - you don't think about these things until you lose them. Household cleaners, even basic hand tools like screwdrivers, saws and pliers - all have to be replaced. I sold off what was left of the old property for land value and still don't have a finished home. My brother lives in a double wide and insists he simply can't get insurance, no one will cover a double wide.

Unless I were wealthy there's no way I'd have a home with no insurance. If you think things are bad now, imagine overnight you have no house, no clothes - nothing except what you're wearing. And no savings to speak of, nothing to sell of value. Insurance companies suck, but being destitute is worse.

[Ceetee]

This is a very useful website: Home

[Hank Springer]

If I were looking for stable work I wouldn't even consider the Biloxi area. Kentucky, Tennessee and Louisiana offer far better opportunities in the management of horses. Depending of your level of experience and knowledge some jobs pay very well.
I grew up in Biloxi and the only stables I know of are at Gulf Hills, in Ocean Springs and they have no quality horses to maintain.
Good luck.