Quote:
Originally Posted by Carla B
Our premium, for a designer, started out five years ago in the $750 range with $500 deductible sinkhole coverage. Now it is $1130 with 10% sinkhole deductible. No claims history. We did add $30K in improvements in Year Two, and these had to be documented.
We escaped the 10% sinkhole deductible until this year.
In my opinion, insurance companies entice customers with low rates and then begin increasing them. There's always a "new" peril they can use to adjust rates.
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We have had the Patio Villa for the past 7 months. Looking at the Villages web-site figures for monthly expenses at $1039 for a $250,000 property and comparing our actual costs on a Patio Villa, I am seeing a monthly expense of just under $750 when everything is factored in.
But with the insurance, bond and property tax being paid annually, we see a month to month operating expense expense of about $500-550. Our insurance is averaging less than $60 per month and our property tax averages to about $90 per month. Bond is about $100 a month
I have not included some extra, smaller expenses but they should not change the figures by much. Total lawn care works out to be about $75 a month (paid annually). Also things like power washing and incidental repairs and replacement. would add up the total to be a bit higher. Also you should factor in additional insurances on A/C and heat pump unlesss you choose not to add additional insurance s on these.