And what is the square footage of your home? I think my agent is taking me to the cleaners. Last year, I paid $118 a year to insure 660 sq. ft. in CA with a $500 deductible. This year, the renewal is going to cost me $413.39 a year with a $1000 deductible. The difference is that my HOA is no longer covering damages to the inside of the unit. If a water pipe above my head breaks, I would be screwed but do I need a 81,000 limit? 60,750 limit for personal property? I wish I had that much stuff. 32,400 for loss of use?? I know it's better to be safe than sorry so am I overreacting?

Corganiacs said:are you talking about rental insurance or home insurance? thats a small home

/increases the font size on your computer/ See thread title. Yeah, but I have to start somewhere.

LostConsumer said:qcumber98 said:Corganiacs said:are you talking about rental insurance or home insurance? thats a small home

/increases the font size on your computer/ See thread title. Yeah, but I have to start somewhere.

Um...you're talking $118 a month or six months or year or what? I can understand corgs question, because a decent CONDO here (900-1200 SF) costs around $3-4K a year to insure. S.Fla, btw.A year. I guess I prefer an indecent condo.

The cost of home insurance has risen to completely obscene levels in Florida. A special session of the Legislature was more for show then helping lower rates. Only time will tell, but it's bad.

I would shop around for other insurance companies and see what they will cover your condo for. The jump in price does not sound crazy considering the HOA is no longer covering damages like the upstairs neighbors pipe breaking scenario you described. I talked to 4 insurance companies b4 choosing a company to insure my townhouse.

Take it from someone who had a house fire that was a total loss- you do not, under and circumstances, want to find yourself under-insured if the sheet hits the fan.

We pay around $900 per year in Louisiana for a $500 deductible on a 1,800 sq ft home valued at $200k. I wish ours was as inexpensive as yours, but we have hurricanes to keep ours high. That said, we are able to go through Armed Forces insurance because my wife's father retired from the Army. We're paying about 1/2 of what most of the people in the state are paying.

I'm glad this was posted...I thought maybe mine which just went up to $1000 for a 2400sf house with $500 deductible in NY was high...I don't think it is now seeing these numbers.

I'm paying around $800/year (including multi-policy discount) with State Farm to insure an 1100 square foot townhouse in Baltimore County.

So $400 seems hella cheap. Heck, when I had renters insurance before I bought a house, I was paying around $120/year (which was still less than the multi-policy discount I got on my car insurance, so it was a no-brainer), so the fact that you wre getting homeowners insurance for less than that is mind-boggling to me.

$491 for a 2400 sf home valued around $220k in an Atlanta suburb, $2k deductible.

$765/year with $1000 deductible for 1600sf house valued around $260K