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re: Slowest Housing Markets - Louisiana has 3/12

Posted on 4/19/24 at 3:28 pm to
Posted by fareplay
Member since Nov 2012
5190 posts
Posted on 4/19/24 at 3:28 pm to
LA home owners insurance is 5k a year? Jesus Christ I pay 1k in MA
Posted by Dixie2023
Member since Mar 2023
2394 posts
Posted on 4/19/24 at 4:07 pm to
And that’s still considered a premium to celebrate. Mine just went under $5k this renewal, or should I say new policy placement. Last year was around $7k. I’m not with them anymore.
Posted by danilo
Member since Nov 2008
21414 posts
Posted on 4/19/24 at 4:12 pm to
quote:

LA home owners insurance is 5k a year? Jesus Christ I pay 1k in MA

A 1100 sq ft house can be 4k in New Orleans for home owners. That can be with a new roof, and does not include flood insurance
3000 sq ft house will be more 9k-12k. So much for Louisiana being “cheap”
This post was edited on 4/19/24 at 4:18 pm
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37868 posts
Posted on 4/19/24 at 4:30 pm to
quote:

LA home owners insurance is 5k a year?


Sure, if you live in a hut...

I live in a decent house, nothing anywhere near O-T baller status, 2000 sq ft, and I'm paying north of 6000 now, and expect it to be well over 7000 when it renews in July.
This post was edited on 4/19/24 at 4:32 pm
Posted by PUB
New Orleans
Member since Sep 2017
18902 posts
Posted on 4/20/24 at 3:50 pm to
How about 10k year? And a 5% deductible which is more than a roof replacement.

Plus flood …
This post was edited on 4/20/24 at 3:51 pm
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
26925 posts
Posted on 4/20/24 at 11:36 pm to
Mine jumped to 27k for homeowners for 2024 and I was told to expect another 25% increase in 2025
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