[villages07]

nanci... you only pay insurance on the cost of the dwelling, not the original sales price (which at 400K probably includes a hefty lot premium).

Here's sample numbers.... replacement cost of the dwelling at 290K, 1,000 deductible, replacement cost coverage on contents, max liability limits, etc; 2% hurricane deductible; figure on HO insurance of about $1,000 per year...also assumes a block home of recent construction that has undergone windstorm mitigation inspection.

This is a very general number but is not anywhere near the astronomical rates closer to the coasts.