Home Owner's Insurance, what do you pay? (subdivision, inground pool)

[bentlebee]

Originally Posted by TampaKaren

Just a gentle reminder that along with all the previous factors, your credit score also has a lot to do with your home owner insurance premiums. Low credit score = high insurance premiums. High credit score = lower insurance premiums.

So that might be a reason why my premium went down, although last yeard my score was also very high, but I'm happy to pay less during a time that everything seems to get more expensive.

[mandy_tampa]

Originally Posted by TampaKaren

Just a gentle reminder that along with all the previous factors, your credit score also has a lot to do with your home owner insurance premiums. Low credit score = high insurance premiums. High credit score = lower insurance premiums.

Karen,

I ditto that one and same goes for car insurance!

Mandy

[TampaKaren]

Originally Posted by bentlebee

So that might be a reason why my premium went down, although last yeard my score was also very high, but I'm happy to pay less during a time that everything seems to get more expensive.

Any Florida home owner whose premium is going up should compare the assessed value between the property appraiser website and the insured value on their insurance statement. Assessed values went down, your coverage should be less, and the premium should be lower. I've seen this error three times in the past month. The insurance company should be using the new, lower assessed values for factoring coverage. Of course, this is the minimum amount of coverage required. You may increase that value for higher coverage.

[bentlebee]

Originally Posted by TampaKaren

Any Florida home owner whose premium is going up should compare the assessed value between the property appraiser website and the insured value on their insurance statement. Assessed values went down, your coverage should be less, and the premium should be lower. I've seen this error three times in the past month. The insurance company should be using the new, lower assessed values for factoring coverage. Of course, this is the minimum amount of coverage required. You may increase that value for higher coverage.

That is why I called my insurance company to have it lowered and they answered that I need to have an appraisel done.... . I scanned and emaild the property appraissers website and they still told me without an appraisel (which cost me $ 300.) they wouldn't lower it...
It is strange to me since this company is going to replace my previous company and I haven't even signed with them, they just took over the numbers from them and send me the new papers with the new premium which is $ 400.- lower but still for the old value..

[morick]

I have commercial property in Pasco near 19 which gets flooded everytime in rains heavy. Pasco is a huge county but I was thinking that this person wanted to be near or around 19....more West.

[morick]

Wow!!! My friend has a home near Orlando(NOT IN A FLOOD ZONE). His roof got blown off and the lakes in his area FLOODED his home when Charlie and Janene came through a few years back. Both hurricanes crossed the state and blew him to bits. So in reality we are all at danger but yes I LOVE my home in Oldsmar (I have flood insurance...$200/year for a half a million dollar policy). Tarpon Springs has it's areas of concern but Tarpon goes all the way to Brooker Creek Elementary(McMullen Booth Rd) so there are good areas. Lake St. George area IS NOT GOOD! Check out the crime rates in that area. Yes Countryside is good but it too has Specific areas to stay away from...it was my bad that I wasn't specific enough...but neither are you.

[kristimc25]

5000 total sq ft (3900 heated sq ft) 2.5 story
Built in 2006
Pool, Spa, Conservation
Highest Hurricane Codes
Tile Reinforced Roof
Steel Beam Construction
Hurricane Resistant Garage Doors (up to 165 mile winds)
No flood zone (New Tampa, 30 miles to water)
High $600s
Premium: $2700 per year

[Tampa1228]

I don't get how some of you have such low rates. We have been in our home since 2002. 1850 sq feet, no flood zone. Granted it was built in the 1960's but lets face it, the houses were built better back then. When we moved in, we were paying $800 a year for HO insurance. We now pay close to $2500 a year, with higher deductibles and we have perfect credit so that is not the issue. I am going to check out that website, but since we're in Hillsborough I didn't think anyone but Citizens was writing here.

[Annie of Oldsmar]

We have been in our home for 3 years, we pay 2,500 . It has flood insurance, for it is an area very near the water. Our credit score is excellent

[jamiesea]

Originally Posted by morick

Wow!!! My friend has a home near Orlando(NOT IN A FLOOD ZONE). His roof got blown off and the lakes in his area FLOODED his home when Charlie and Janene came through a few years back. Both hurricanes crossed the state and blew him to bits. So in reality we are all at danger but yes I LOVE my home in Oldsmar (I have flood insurance...$200/year for a half a million dollar policy). Tarpon Springs has it's areas of concern but Tarpon goes all the way to Brooker Creek Elementary(McMullen Booth Rd) so there are good areas. Lake St. George area IS NOT GOOD! Check out the crime rates in that area. Yes Countryside is good but it too has Specific areas to stay away from...it was my bad that I wasn't specific enough...but neither are you.

Hi Morick,

My husband and I are looking to buy a home on Shore Dr, across the street from the waterfront houses. This house is actually in zone B, about 1350 sq ft, sale price around $170k. Do you know approximately what flood insurance would run per month? Our realtor thinks about $20-$30/month; however, we saw houses for sale where the listing said it would run about $80/month. Hmm.

Thanks.