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Check with Nationwide. I just got condo insurance for my mother and it was quite reasonable.
A general observation about homeowner's insurance... Many people get too much insurance. They think... "I purchased my home for $300,000 so I need to insure for $300,000". However, the price you paid includes the land too, which is arguably the most valuable part. You only need to insure to replace the house and contents, which is usually quite a bit lower than the price you pay for a house plus the land under it.
Check with Nationwide. I just got condo insurance for my mother and it was quite reasonable.
A general observation about homeowner's insurance... Many people get too much insurance. They think... "I purchased my home for $300,000 so I need to insure for $300,000". However, the price you paid includes the land too, which is arguably the most valuable part. You only need to insure to replace the house and contents, which is usually quite a bit lower than the price you pay for a house plus the land under it.
Quite right. But I would say that ANY insurance agent that sold that policy and didn't ask the right questions deserves to lose the business. (And yes, that would apply to the telephone based insurance companies, too. Like USAA, who explained this to me when I bought my first house in 1991.)
Check with Nationwide. I just got condo insurance for my mother and it was quite reasonable.
A general observation about homeowner's insurance... Many people get too much insurance. They think... "I purchased my home for $300,000 so I need to insure for $300,000". However, the price you paid includes the land too, which is arguably the most valuable part. You only need to insure to replace the house and contents, which is usually quite a bit lower than the price you pay for a house plus the land under it.
Theoretically, the land can be lost as in the Florida sinkhole issues or land erosion on the beachfront.
I have insurance coverage for the cost to rebuild my house which is more than it is worth. I'd rather overinsure then not have enough coverage to rebuild. I have State Farm and my policy just went up $25 or so this year for the same coverage.
Check with Nationwide. I just got condo insurance for my mother and it was quite reasonable.
A general observation about homeowner's insurance... Many people get too much insurance. They think... "I purchased my home for $300,000 so I need to insure for $300,000". However, the price you paid includes the land too, which is arguably the most valuable part. You only need to insure to replace the house and contents, which is usually quite a bit lower than the price you pay for a house plus the land under it.
Watch Nationwide after the first year. Just got a bill for a 22% increase, with no claims. Time to shop the auto and home insurance around again. It seems like we have to change every year, as these companies all seem to low-ball the premiums for the first year.
We're with Amica and pay $395 for our 1850sf house worth a little under $200k. $1k deductible.
Switched to Amica from State Farm a couple of years ago and sliced my premium almost in half. We were at $353 the first year, creeped up to $375 for 2012, and now $395.
Just got our renewal with Amica and it's $405 for next year...2.5% increase. So it's still so far so good with them heading into year four!
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