Property ins... WTF

[RP1]

WE just bought a new house for a little over a Mill $ and the property ins. is $2500 a year including earthquake. Is this right? It almost tripled from the $600K house we were in.

[Kilrtoy]

Sorry cant feel it for ya on this one...
So what does a ONE MILLION DOLLAR HOUSE LOOK LIKE....

[Cole Trickle]

WE just bought a new house for a little over a Mill $ and the property ins. is $2500 a year including earthquake. Is this right? It almost tripled from the $600K house we were in.
When you insure a bigger house everything goes up.(Make sure you have a 1K ded as you can't afford to use a 500.00 ded these days anyways)
Dwelling
Other Structures
Personal Property
Etc...
$2500 a year is not way out of the question Including EQ coverage (Rip off in my opinion if you went througt the CEA) but might be alittle pricey.
If you PM me some info I can shop it for you to keep your agent honest.
year built
SQ footage
How many stories
Pool/Jacuzzi?
roof
claims?
Address
Brandin

[Cole Trickle]

Sorry cant feel it for ya on this one...
So what does a ONE MILLION DOLLAR HOUSE LOOK LIKE....
In certain areas of South OC it can look like a 300K Havasu House. :frown:

[Dribble]

Sorry cant feel it for ya on this one...
So what does a ONE MILLION DOLLAR HOUSE LOOK LIKE....
In Mission Viejo it probably looks something like this.
http://www2.***boat.com/image_center...693_Shack2.jpg

[Ziggy]

Tract homes in certain areas are that much...big yes but within Grey Poupon sharing reach of the next house.

[2Driver]

All depends on rebuild cost per square foot and nothing to do with what you paid. We provided underwriting software for this purpose to most all the major insurers. In addition,we are all paying for past hurricane cost and mold claims so join the club, mine was $2,200 year.
If you put in a claim you can see a huge jump and might limit yourself to getting insurance from somewhere else in the future to boot. I moved my deductible to $5,000. It cut my premium in 1/2. There is no way I would think of submitting a claim for less than that for fear of the premium wrath that be upon me. :notam:

[Kilrtoy]

What is the property tax on something like that

[YeLLowBoaT]

Really 2500 is not that crazy for a 1 mil house. Just think how much you could lose if something bad happends. Talk to your agent I am sure there is away to get that down.

[NorCal Gameshow]

What is the property tax on something like that
my guess is one grrr per month.