Homeowners insurance in NJ (Edison, Middlesex: mortgage, house, closing)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I used to pay $400+ a year, but ever since I paid off the mortgage, the homeowner insurance is cancelled ... my neighbors paying over $1,000 a year now. It has something to do with the house price. When housing price surge, so were homeowner insurance ...
I used to pay $400+ a year, but ever since I paid off the mortgage, the homeowner insurance is cancelled ... my neighbors paying over $1,000 a year now. It has something to do with the house price. When housing price surge, so were homeowner insurance ...
You have no homeowner's insurance?
I'm in Essex and pay about $700. Cost will vary by value of house and location, obviously.
I used to pay $400+ a year, but ever since I paid off the mortgage, the homeowner insurance is cancelled ... my neighbors paying over $1,000 a year now. It has something to do with the house price. When housing price surge, so were homeowner insurance ...
None of my business but what will you do if there is a fire?
I used to pay $400+ a year, but ever since I paid off the mortgage, the homeowner insurance is cancelled ... my neighbors paying over $1,000 a year now. It has something to do with the house price. When housing price surge, so were homeowner insurance ...
You mean you have None? That is Dangerous. What if someone falls on your property? What if your house goes on fire? There are a Million more reasons to have insurance.
I've had the same agrument with a friend who was considering canceling hers. Not a very bright thing to do. She didn't at the end when I told her someone could fall, sue her, and she would be libal and lose everything.
I also carry an umbrella policy.
Who do you think paid the $235,000 when I had the oil leak in NJ from the underground tank? My insurance company of course.
You mean you have None? That is Dangerous. What if someone falls on your property? What if your house goes on fire? There are a Million more reasons to have insurance.
I've had the same agrument with a friend who was considering canceling hers. Not a very bright thing to do. She didn't at the end when I told her someone could fall, sue her, and she would be libal and lose everything.
I also carry an umbrella policy.
Who do you think paid the $235,000 when I had the oil leak in NJ from the underground tank? My insurance company of course.
exactly. this is a house, not a 1985 chevette. i also advocate an umbrella policy as well.
I used to pay $400+ a year, but ever since I paid off the mortgage, the homeowner insurance is cancelled ... my neighbors paying over $1,000 a year now. It has something to do with the house price. When housing price surge, so were homeowner insurance ...
not exactly a smart move there - not having home insurance is a horrible way to go about trying to save some $$. i do work in the insurance industry and would highly reccommend that you reinsure your home - there's just so much that can happen and that's a huge risk you're taking. an umbrella policy as tahiti mentioned is a great idea as well - for everyone.
as far as prices for insurance - it depends on the mortgage amount (when closing) and after - the replacement cost (not market value!). then the location of the home is taken into consideration as well - works like car insurance to a point really....hope that helps!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
