Home Ins on Designer

[nanci2539]

Asking this question for a friend who argues that home ins is high in TV.

Can someone give me a ballpark figure for home insurance annually on a $400K designer home?

[pili]

Like Nancy, I would like information on home insurance at TV. From things I've read home insurance in Florida is very expensive and sometimes difficult to get. Any insight is appreciated.

Pili

[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.