Homeowners Ins

[whitney]

Originally Posted by cltsig

Jump over to the Florida board for some good insurance stories. TX is the worst, surprisingly followed by OK, LA and then FL. I don't remember NC being top 10 unless you're talking Outer Banks. I called fishing around for rates and average around the Charlotte area is $500ish for full homeowners on a $300k house.

Is that figure $500/yr correct? I wish I could get that in Johnston County!

[Miker2069]

Originally Posted by i'minformed

Homeowners insurance in NC is some of the highest; most likely because after Texas; NC is the most natural-disaster-prone state.

really? I wouldn't have thought that

i'minformed, are you part of the secret organization men in black? wait what's the flash? I just forgot my question

Well, here's another question- isn't home owners insuruance largely dependent on your credit score (FICO) score?

[mm34b]

Geographic Comparison of Homeowners Insurance
Same coverage and same structure.

Asheville - $459
Charlotte - $487
Fayetteville - $562
Greensboro - $480
Raleigh - $492
Wilmington - $708

Data from the NC Department of Insurance

[Weis02]

Mike - Ins rates are based on alot of things and one is your credit..unforunatetly, bad credit means risk which = higher insurance but there are other factors too...(thanks mm34b - finally got the answer to my question)

[silverwing]

Originally Posted by WenIs02

Mike - Ins rates are based on alot of things and one is your credit..unforunatetly, bad credit means risk which = higher insurance but there are other factors too...(thanks mm34b - finally got the answer to my question)

Yeahhh, like livestock! Living in the country, we didn't even think to notify the insurer of our newly purchased home that we had llamas. We had land, a lot of people around us had goats and cows and horses, what would be the problem? I don't know how the insurer found out, but our policy was swiftly cancelled. I guess some Warren Schmidt-type [bonus points for those who can identify the Jack Nicholson movie that reference is from] calculated the odds of one of our boys putting out someone's eye with a well-aimed spit glob and ixnayed our coverage

[Weis02]

Is the movie as Good As it Gets? (

[Weis02]

FYI - Livestock is usually excluded from insurance but I assume there are insurance companies that may insure it- for a price-

[mm34b]

Originally Posted by silverwing

Yeahhh, like livestock! Living in the country, we didn't even think to notify the insurer of our newly purchased home that we had llamas. We had land, a lot of people around us had goats and cows and horses, what would be the problem? I don't know how the insurer found out, but our policy was swiftly cancelled. I guess some Warren Schmidt-type [bonus points for those who can identify the Jack Nicholson movie that reference is from] calculated the odds of one of our boys putting out someone's eye with a well-aimed spit glob and ixnayed our coverage

"About Schmidt" (2002)

[whitney]

Originally Posted by Miker2069

really? I wouldn't have thought that

i'minformed, are you part of the secret organization men in black? wait what's the flash? I just forgot my question

Well, here's another question- isn't home owners insuruance largely dependent on your credit score (FICO) score?

As far as credit score goes, absolutely no problem; we own our land and home, no payments, and have never filed a claim on our insurance.