owest price isnurance on $800,000 house most of the insurances are 5,000 per year and hoouse is only worth 500,000. Only know of AIG and chubb
Total Comments: 2
Posted: Mon Jul 27, 2009 08:31 am Post Subject:
Does the house value depreciate?
Which state are you from? The state Department of Insurance would have a list of the carriers licensed to do business in your state. May be it can give you some direction about where to look for cheaper rates.
Posted: Sat Aug 15, 2009 01:06 am Post Subject:
Could you rephrase your question? I am not exactly sure what you are asking for.
Visit an independent agent and ask them to quote you with a variety of companies. You mentioned home values of both $800,000 and $500,000. Make sure that you are receiving a quote for the actual replacement cost of the home-- not the market value (which is often higher and includes the land the home is built on.) Homeowners insurance covers the cost to replace your property and rebuild your home, so the limit of insurance should reflect just that.
AIG Private Client Division and Chubb are good companies for high-end homes, but Hartford and Met Life can also play very nicely in that arena.
Posted: Mon Jul 27, 2009 08:31 am Post Subject:
Does the house value depreciate?
Which state are you from? The state Department of Insurance would have a list of the carriers licensed to do business in your state. May be it can give you some direction about where to look for cheaper rates.
Posted: Sat Aug 15, 2009 01:06 am Post Subject:
Could you rephrase your question? I am not exactly sure what you are asking for.
Visit an independent agent and ask them to quote you with a variety of companies. You mentioned home values of both $800,000 and $500,000. Make sure that you are receiving a quote for the actual replacement cost of the home-- not the market value (which is often higher and includes the land the home is built on.) Homeowners insurance covers the cost to replace your property and rebuild your home, so the limit of insurance should reflect just that.
AIG Private Client Division and Chubb are good companies for high-end homes, but Hartford and Met Life can also play very nicely in that arena.
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