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Old 03-15-2010, 01:23 PM
 
62 posts, read 174,955 times
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Has the homeowners insurance improved any in the Biloxi area?
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Old 03-16-2010, 04:33 PM
 
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It is going up big time in south Alabama as well starting this year. Why, Alabama and Mississippi have not had a hurricane since Katrina so they have had years of profits to make up for that. They increased the deductibles to 10,000 on a 200k home last year and now the major insurers have all completely dropped wind damage coverage.
Allstate will sell you homeowners without it but you have to buy the wind through Geovera about 2,000 for just the wind damage not sure what the deductible will be yet.
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Old 03-17-2010, 09:56 AM
 
62 posts, read 174,955 times
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So, if I'm looking at a possible promotional opportunity through my job, I guess Biloxi is not the place I want to consider?
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Old 03-17-2010, 06:43 PM
 
1,100 posts, read 2,599,164 times
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Insurance costs are lower north of I-10
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Old 06-20-2010, 02:43 PM
 
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Default Wow!

Quote:
Originally Posted by bls5555 View Post
Can someone post what your typical homeowners insurance and flood insurance costs? Is it pretty expensive? Im trying to get some info on the area. Thanks.
Homeowners Insurance Runs around $4500-$5000 yearly in a Zone A (Flood Zone) For a house valued at $150,000.
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Old 06-20-2010, 05:05 PM
 
Location: Destrehan, Louisiana
2,192 posts, read 6,209,838 times
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Quote:
Originally Posted by bls5555 View Post
Can someone post what your typical homeowners insurance and flood insurance costs? Is it pretty expensive? Im trying to get some info on the area. Thanks.

Before you purchase insurance you sould do a little research on which insurance companies paid policy holders and which ones didn't pay after Katrina.

Doesn't matter the cost of insurance if they fight you when you need a claim paid.


busta
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Old 06-21-2010, 01:21 AM
 
783 posts, read 1,932,638 times
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I had a claim just last year on my home for storm damage and a new roof (about $8K), and my insurance this year on a home valued at 160K is about $4200 but there's some sort of "discount" tacked on so it's all of $2200 for the year. I live in Winona just south of hwy 82, which is pretty much dead smack in the upper 1/3 of the state.
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Old 08-18-2010, 02:51 PM
 
3 posts, read 7,796 times
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I was wondering who are the best insurers for the area. We are looking to buy a home in the Palm Ridge Subdivision which is above I10, hopefully to the tune of now more than $170K. Currently we are with North Carolina Farm Bureau. Were there any issues with them after Katrina? Most of my family are with State Farm, but they were more expensive here. I am looking to also insure my cars with whichever company we decide to go with.
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Old 10-22-2015, 07:04 AM
 
31 posts, read 24,892 times
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Default Homeowners insurance in Gulfport-Biloxi area

I was wondering whether or not insurance costs had leveled off any.
I've long wanted to move to the coastal area but these high insurance costs are a big factor to consider.
Looks like this would have a negative impact on property values & sales.
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Old 10-31-2015, 08:08 PM
 
496 posts, read 410,724 times
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got a question about homeowners insurance, state farm's insurance for dwelling is the market value price, esurance's dwelling is about 1.6x more. The house did drop a lot since the sub-prime, esurance said if there is a need to replace the whole house, for their quote they will be able to replace it with all the current upgrades etc. but for state farm it will just be basic roof, kitchen etc (which isn't what I currently have) so who is correct? which one should I go with? 1.6x is a big difference and esurance is 10-15 dollar more a month
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