learn what other users had to say about

The Cost of Homeowner's Insurance

Price 
Location 
Submitted by  
Description
$ 1362
Jul 2007
Mississippi
8 year old home, 1665 sq. ft.
Comprehensive homeowner's coverage  more... close row
$ 28
Jun 2007
marana, az
new home 2400sq. ft. 4 bed
Insurance for our new home  more... close row
$ 940
Mar 2008
Rainbow City, AL
6 years old; 2200 square feet
Insurance paid through mortgage holder  more... close row
$ 477
Feb 2008
Long Beach, CA
57 years, approximately 1200 sq ft
Annual homeowners' policy premium  more... close row
$ 420
Nov 2007
Indianapolis, IN
15 years old, 1950 sq. feet
Property, home and liability insurance  more... close row
$ 294
Sep 2007
San Jose, CA
20 years old, approx. 1000 sq ft
Annual premiums for insuring a condo  more... close row
$ 400
Jan 2008
Phoenix, AZ
2500 square feet, built 1982
Liability, damage and theft coverage  more... close row
$ 457
Mar 2008
grundy va
2006 southern estates mobile home with 2446 square feet.
New homeowners insurance with same coverage  more... close row
$ 1021
Mar 2008
Garland, TX
29 years old and 1550 sq ft.
Homeowners insurance doesn't cover many things  more... close row

Description of service

This is a typical insurance policy but was slightly altered by the insurance carrier. Yearly, I pay 1021.00 for an "All Risk" policy. This means that what ever happenes, is covered unless it is specifically excluded. Sounds good to me!

Now I did my fair shopping of insurance policies and found some as cheap as 650.00. Of course it was very limited on its coverage. And even though I didnt get the most expensive which was around 1750.00 for a 1550 sq ft home, I still got what I thought, was a good policy.


Review of Service

Unfortunately, many times, your arent able to see the actual policy until after you purchase it. When I received the copy of my policy, I actually read it from front to back. I was very dissapointed to find that I have a limits within my policy limit on certain things.

For example, I have a 1,000 limit on jewelry, watches and furs.

Or 100.00 limit on cash or coins.

1000 for any computer related equiptment

500 for any video or camera equipment

300 on clothing! What!

1000 on appliances!

Get this, I have no coverage for my ATV or mini bike!

And I think the worst part is that I have a 1% deductible! That is over a thousand dollars for any loss I have!

I called my agent and questioned these limitations and exclusions and they tell me that I can have them insured for an additional cost. Or even increase those limits. I then asked how much more and they are talking hundres more!

I totally feel that insurance is nothing more than a scam and a rip off!

Thinking that if I picked the middle priced policy, I would get at least some good coverage. But geeze, they put a limit on almost everything I own! C'mon!

The cost of this type of coverage is WAY too much. I think that if it is required by law to have this insurance, the rates should be less or provide MUCH better coverage.


Tips

Get a friend in the industry. They can help you get the right policy.

READ your homeowners policy!

Make any adjsutments to it before its too late!


$ 1211
Mar 2008
Boiling Springs, SC
Coverage for home with a pool  more... close row