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Started By
Message
re: What do you do if you can’t find insurance to insure your house?
Posted on 5/23/24 at 11:40 am to fareplay
Posted on 5/23/24 at 11:40 am to fareplay
quote:
Yes annual but that’s 300 a month just for insurance
Bargain if actually on the coast, and most people have 2% deductible
This post was edited on 5/23/24 at 11:41 am
Posted on 5/23/24 at 11:40 am to sidewalkside
Yes please don’t carry insurance if you own house. Dumbasses would not insure their largest asset would deserve what they get.
Posted on 5/23/24 at 11:42 am to fareplay
quote:
That sounds nuts. Yes annual but that’s 300 a month just for insurance
L-O-fricking-L!
People in south LA are paying $3,000-$4,000 per 1K sq ft. Example: Friend is paying $6,600 for a 2k sq ft house.
…. This doesn’t include flood insurance either.
This post was edited on 5/23/24 at 11:43 am
Posted on 5/23/24 at 11:42 am to fareplay
quote:
That sounds nuts. Yes annual but that’s 300 a month just for insurance
The more you post the more financially naive you seem to prove yourself to be. Wait until you figure out how they calculate insurance rates..gonna be mind blowing.
Posted on 5/23/24 at 11:42 am to pbro62
quote:
pbro62
All I stated is you are not legally required to insure your property if you don't have a mortgage. Never said it was a good decision.
Posted on 5/23/24 at 11:43 am to fareplay
I live in Gulf Breeze and pay $4200
Posted on 5/23/24 at 11:44 am to fareplay
quote:
That sounds nuts. Yes annual but that’s 300 a month just for insurance
I’ve been getting all kinds of quotes in the $6k per year range in Texas with no hurricane to worry about, so yeah I think they have a pretty good deal right now
This post was edited on 5/23/24 at 11:45 am
Posted on 5/23/24 at 11:45 am to BabyTac
quote:And? I actually own 2 homes and I have both insured.
In my case, my home is paid for so I actually own it. I’m not required to have insurance.
![](https://images.tigerdroppings.com/Images/icons/shrug.gif)
Posted on 5/23/24 at 11:45 am to fareplay
quote:
on the gulf coast
quote:That is ridiculously good
3.5k premium with a 1% deductible for a 400k home
quite honestly shocked someone is willing to do a 1% deductible on that
This post was edited on 5/23/24 at 11:47 am
Posted on 5/23/24 at 11:47 am to fareplay
Can alway form a llc, get fed tax ID as S-corp for llc, quit claim to llc, get corporate "property" coverage instead of "homeowners" insurance AFTER checking with mortgagee that it won't trigger due on sale clause and can keep same rate (in this enviroment) if refi required to pull it off.
Posted on 5/23/24 at 11:47 am to fareplay
quote:
Parents live on the gulf coast and only 1 provider willing to insure but at 3.5k premium with a 1% deductible for a 400k home. What are you baws doing?
Who is their insurer?
I live a half mile from the beach and my premium is almost that much for almost half the house.
Posted on 5/23/24 at 11:48 am to fareplay
quote:
That sounds nuts. Yes annual but that’s 300 a month just for insurance
That's less than 1% of the total value of the house. Who would take the gamble of losing everything by not paying 1% a year? A home is usually appreciating more than that each year.
Posted on 5/23/24 at 11:48 am to fareplay
Your parents own a $400K home on the coast but are too poor to pay $300 a month for insurance in a natural disaster area (The apple doesn't fall far from the tree).
Since they own it they don't have to insure it, but when it floods or a hurricane rips the roof off they'll be out a 400K house instead of the 300 per month...
You are either the dumbest poster on this board or a great troll...
Either way, frick you!
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
Since they own it they don't have to insure it, but when it floods or a hurricane rips the roof off they'll be out a 400K house instead of the 300 per month...
You are either the dumbest poster on this board or a great troll...
Either way, frick you!
![](https://images.tigerdroppings.com/Images/Icons/Iconbirdtongue.gif)
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
Posted on 5/23/24 at 11:48 am to fareplay
In Louisiana, they get bent over by Louisiana Citizens which is an insurer of last resort.
Posted on 5/23/24 at 12:00 pm to wadewilson
Subsidiary of farmers called foremost via costco
Posted on 5/23/24 at 12:00 pm to fareplay
quote:
3.5k premium with a 1% deductible
ask if they wanna trade?
Posted on 5/23/24 at 12:00 pm to fareplay
quote:Damn that is way better than here in Madisonville
only 1 provider willing to insure but at 3.5k premium with a 1% deductible for a 400k home.
Posted on 5/23/24 at 12:01 pm to fareplay
So now you're just straight trolling here?
Posted on 5/23/24 at 12:09 pm to LNCHBOX
I own 2 homes and both of them are much much cheaper (1100 for a 1.2 and 1.6 for a 2.2) so yes it is a shock my parents pay more than both our homes for a value much less since gulf
Posted on 5/23/24 at 12:11 pm to SidewalkTiger
quote:
You make over a million per year, self insure them.
This lying bastard stupid motherfricker would be lucky to make minimum wage.
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