What company ? Many will enter a state and give everyone super low rates (almost a loss leader or a way to generate a lot of new business) and then after a few years, raise them to their "regular" rates. Plenty of consumers complain about it, post about it on the internet, but do nothing else. They just pay the increased amount....it was around $440 and then bammm, big jump here in MI.
Value $220K or full replacement cost
Deductible $500
Premium $589
Policy includes $25K for legal defense of defending the home with lethal force from forced intrusion
Covers all under ground utilities and major appliances like the AC and Furnace if they need replaced.
Local ordinances require camera views of the outflow waste water pipes when the home is put up for sale.
If repairs are needed on said pipes the policy covers it.
I can't remember everything listed they cover but the above alone is worth it just with the underground utility coverage.
BTW it's from Erie Ins called Home Secure policy.
I think it's a Pa. only policy but if you're in a neighboring state you might want to check on it.
What company ? Many will enter a state and give everyone super low rates (almost a loss leader or a way to generate a lot of new business) and then after a few years, raise them to their "regular" rates. Plenty of consumers complain about it, post about it on the internet, but do nothing else. They just pay the increased amount....
Absolutely true- I float around every two years on my houses and always get a $5000. deductible
Rates in my case can double overnight. I have floated between 4 companies for the last 20 years.
As you say you get the intro rate and then BAM!!!!!!!!!!!
Value: $550K
Cost: $138/month (taxes in) so $1,656/year
Deductible: $500
This includes coverage of specific valuables like expensive rifles, which I had to document and provide serial #'s for.
I have my auto and ATV policy through the same company.
Being in the gun business you can get cheap insurance for your guns through private carriers where you do not have
to supply serial numbers. You can get $300K USD insurance for not a bunch of money
Doesn't matter if you are an individual or a dealer.
Does it vary by state, because in Ohio, we have coverage for the physical house itself (full replacement cost, i.e. pays to "rebuild" the same structure) as well as coverage for contents.
And this question is for my own curiosity, but how much impact does the deductible have on the premium ? With auto coverage (granted, the "property" value is generally much, much lower), changing from a $500 deductible to $1000 has a minimal impact.
Does it vary by state, because in Ohio, we have coverage for the physical house itself (full replacement cost, i.e. pays to "rebuild" the same structure) as well as coverage for contents.
And this question is for my own curiosity, but how much impact does the deductible have on the premium ? With auto coverage (granted, the "property" value is generally much, much lower), changing from a $500 deductible to $1000 has a minimal impact.