Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Florida
 [Register]
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.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 12-21-2006, 11:16 AM
 
Location: Living in Paradise
5,701 posts, read 24,089,599 times
Reputation: 3064

Advertisements

Quote:
Originally Posted by CURT View Post
i'm not sure i understand whats being said about the 2% dedutible. The deductible is not 2% of the damage the deducible is 2% of the dwellings insured value. if you have 50000 worth of damage, the deductible is not 2% of this. if the coverage on the dwelling itself is say 150000, the 2% is based on that number. the deductible would be 3000. the first 3k of repairs is out of pocket.
is this what you are saying and I'm just not understanding?
You are correct, normally the deductible is reduced from the overall amount of the insurance payment.
Reply With Quote Quick reply to this message

 
Old 12-22-2006, 11:08 AM
 
1,608 posts, read 9,723,269 times
Reputation: 973
We just bought a home in Florida. We close on it mid-January. Today I set up the homeowner's insurance rates. I don't think they are bad at all....

House value $250k - (insurance for replacement value)
Yearly $1416
with a 2% hurricane deductible
Reply With Quote Quick reply to this message
 
Old 12-22-2006, 11:12 AM
 
Location: Central FL
1,683 posts, read 8,185,984 times
Reputation: 853
Redwingsfan, where is your house located and what insurer are you using? Thanks!
Reply With Quote Quick reply to this message
 
Old 12-22-2006, 06:53 PM
 
2,473 posts, read 5,427,073 times
Reputation: 1204
Default Stuart Fla.

Assessed house value 346k.....insurance 100%/2%deductible $3000.00....taxes $2200.00 homesteaded. Thanks Mother Nature!!
Reply With Quote Quick reply to this message
 
Old 12-22-2006, 11:00 PM
 
Location: Living in Paradise
5,701 posts, read 24,089,599 times
Reputation: 3064
What about the Daytona area? Anyone from the fast track?
Reply With Quote Quick reply to this message
 
Old 12-23-2006, 05:59 PM
 
125 posts, read 503,146 times
Reputation: 55
House worth 350
Insurance 5800 a year with a 5000 dect. and 5% hurricaine. OUCH PASCO COUNTY FLA
Reply With Quote Quick reply to this message
 
Old 12-23-2006, 06:06 PM
 
Location: Living in Paradise
5,701 posts, read 24,089,599 times
Reputation: 3064
Quote:
Originally Posted by kimwick View Post
House worth 350
Insurance 5800 a year with a 5000 dect. and 5% hurricaine. OUCH PASCO COUNTY FLA
If I did my math correctly $17,500.00 is out of pocket
Reply With Quote Quick reply to this message
 
Old 09-10-2007, 06:36 PM
 
1 posts, read 2,964 times
Reputation: 10
what company are these rates with
Reply With Quote Quick reply to this message
 
Old 09-11-2007, 02:37 PM
 
55 posts, read 468,153 times
Reputation: 78
I feel dumb but can you please explain your coverage more?

When you say "house value" 350K, are you talking about the amount of coverage on your dwelling? So if you bought your house for 350K you are paying for a 350K limit? Or are you paying for a 350K limit on a house that you may have bought for a higher price?

Do you also pay for contents/personal property? What value is on that?

Also (1) what age is your house, and (2) is it frame or masonry?

Thanks
Reply With Quote Quick reply to this message
 
Old 09-11-2007, 03:52 PM
 
1,257 posts, read 4,560,439 times
Reputation: 1034
Quote:
Originally Posted by RedWingsFan View Post
We just bought a home in Florida. We close on it mid-January. Today I set up the homeowner's insurance rates. I don't think they are bad at all....

House value $250k - (insurance for replacement value)
Yearly $1416
with a 2% hurricane deductible
I posted before. I will post again.
Replacement value $350K (4/3/2, pool, 3400 sf)
Yearly ~$1740
$1000 deductible
2% hurricanes deductible
House built in 2005 at Tradition, PSL.
Royal Palm Insurance
Reply With Quote Quick reply to this message
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.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Florida

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top