Catastrophic-only high- deductible homeowners insurance for OT ballers?

Look at whether dropping wind/hail coverage makes sense . Of course you’d be on your own for hurricanes and tornados.

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Our house is now paid off, and in 20 years we have never filed a claim here in baton rouge. We are paying enormous sums to maintain insurance required when the bank owned the house. Do insurance companies routinely offer policies for fire/burst pipe flood / etc that would cover our butts in the extreme, but have lower premiums than total coverage policies ? I would need about 1 million coverage with say a $50,000 deductible, or so. We currently have Allstate ensuring both our house and six cars, for me the wife and four kids. Frankly a little embarrassed to mention the amount we're paying We're going to start shopping next week, but would appreciate any insight.

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I just did coverage for my new house and they quoted me 2% deductible and I had it changed to 1.5%. I’m guessing you could raise your deductible also but not sure how much it would save.

By going from 2% to 1.5% it cost me another $300 a year on 1.23 mil. Went from $24,000 to $18,000 roughly for deductible.


I think I’d rather pay the insurance vs cutting a 50k check but that’s just me. My luck is I go 20 years without a claim then that means I’m probably due

I looked into it but fortunately ours isn’t so high that the risk was worth it. Call Jamie Grimley (Paula’s DIL) she brokers insurance out of mandeville and she can help

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By going from 2% to 1.5% it cost me another $300 a year on 1.23 mil.

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not so subtle brag

If you're monthly note is what you're more concerned about, then you can go with a higher deducible. General rule is higher monthly note = lower deductible and lower monthly note = higher deductible. And just talk to your agent about things you don't want covered. You can get a wind and hail exclusion that will lower your note you just will obviously be out of pocket quite a bit in the event you have some severe storm damage.

The most important thing to asap is get out from under Allstate. They are on average the cheapest in LA right now but by far the worst coverage. I'd highly suggest calling Shelter, Farm Bureau or USAA (if you qualify). Almost a necessity to bundle if you want a good rate.