- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Home Insurance Question
Posted on 3/20/23 at 10:55 am
Posted on 3/20/23 at 10:55 am
How negotiable is the personal property % of it? My current policy has approx $251k of personal property coverage, but I don’t even have 100k worth currently.
My current company states it’s a non-negotiable % of the dwelling replacement value, but I’m shopping around and I already received a higher dwelling and lower personal property.
I just don’t need but $100k personal property coverage. Is this possible in tandem with a 500k dwelling coverage?
My current company states it’s a non-negotiable % of the dwelling replacement value, but I’m shopping around and I already received a higher dwelling and lower personal property.
I just don’t need but $100k personal property coverage. Is this possible in tandem with a 500k dwelling coverage?
8
Posted on 3/20/23 at 10:57 am to Warfox
Generally not negotiable.
Posted on 3/20/23 at 10:57 am to Warfox
quote:
I just don’t need but $10k personal property coverage. Is this possible in tandem with a 50k dwelling coverage?
FIFY
Do trailers even have a personal property rider?
Posted on 3/20/23 at 11:00 am to Warfox
It’s usually just a percentage of the house value, some may not be inclined to manually deviate.
Posted on 3/20/23 at 11:11 am to Warfox
How old are you? You accumulate stuff over the years - i'd guess it would be $400k to replace all of my things. Just my couch and 1 bed would cost $10k to replace if something happened. The thing that concerns me is my collectibles - which I don't believe are insured and we're talking a couple hundred grand. Heck I have over $15k just in precious metals.
Posted on 3/20/23 at 11:33 am to Warfox
Depends on the carrier, some require 70% of Cov A, some require 50%, some allow you to drop as low as you want and some won't give replacement cost if you drop under a certain amount.
Good luck shopping if in a coastal state.
Good luck shopping if in a coastal state.
Posted on 3/20/23 at 11:49 am to Warfox
quote:
I just don’t need but $100k personal property coverage. Is this possible in tandem with a 500k dwelling coverage?
Subtle “I have a $500k house” brag alongside a not so subtle “I don’t have shite to put in it” brag.
Posted on 3/20/23 at 11:58 am to DrEdgeLSU
You can usually drop down to 10% of coverage A
Posted on 3/20/23 at 12:01 pm to Warfox
Depends on the company, it is generally a percentage of your coverage A
Default is 50% of Coverage A. Typically you can go down from that in 5% increments. Some will only go as low as 25% some will even allow 10% or even contents exclusion.
Some companies will only allow you to have replacement value on your contents if you carry at least 40%-50% otherwise if you drop below that threshold the contents must be covered at Depreciated/ACV value, some companies do not have this requirement
ETA: This is in reference to independent carriers in Louisiana
Default is 50% of Coverage A. Typically you can go down from that in 5% increments. Some will only go as low as 25% some will even allow 10% or even contents exclusion.
Some companies will only allow you to have replacement value on your contents if you carry at least 40%-50% otherwise if you drop below that threshold the contents must be covered at Depreciated/ACV value, some companies do not have this requirement
ETA: This is in reference to independent carriers in Louisiana
This post was edited on 3/20/23 at 12:05 pm
Posted on 3/20/23 at 12:03 pm to Warfox
Mine was non-negotiable this year. And I don’t need what the contents are insured for. Last year I was able to negotiate to lower the premium a little, but insurers aren’t giving breaks this year.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News