Any home insurance exspurts in here?

Ha...I just got a quote from "American Integrity Insurance" for $2k per year. I can just see Randy Marsh sitting on the other end of the phone line.
 
Center Ice said:
They force you to get flood insurance? When was the last time you flooded?
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Never in the 50+ years of this neighborhood has anyone made a flood claim....after like 5 hurricanes. It doesn't happen.
 
JuiceTheGator said:
Never in the 50+ years of this neighborhood has anyone made a flood claim....after like 5 hurricanes. It doesn't happen.
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That's like flushing 10 g's in the crapper. I can't imagine paying house insurance premiums like that. They're pretty cheap in my neck of Canuckistan.
 
Center Ice said:
That's like flushing 10 g's in the crapper. I can't imagine paying house insurance premiums like that. They're pretty cheap in my neck of Canuckistan.
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It's a rip. Most houses, including mine, are concrete block with cement tile roofs. A tidal wave could hit the place and it'd still be sitting here. Hurricane Charlie was 180mph at my house and I had no damage and made no claim.

My kid's shower pan leaked last year and I had to totally redo their bedroom and two bathrooms. I did some work myself and hired the rest and it was maybe $9k. If the water came-up 4' in the 1st floor, I could probably redo it all for $100k...including my $15k piano. $10k per year for useless insurance is ridiculous.
 
JuiceTheGator said:
It's a rip. Most houses, including mine, are concrete block with cement tile roofs. A tidal wave could hit the place and it'd still be sitting here. Hurricane Charlie was 180mph at my house and I had no damage and made no claim.

My kid's shower pan leaked last year and I had to totally redo their bedroom and two bathrooms. I did some work myself and hired the rest and it was maybe $9k. If the water came-up 4' in the 1st floor, I could probably redo it all for $100k...including my $15k piano. $10k per year for useless insurance is ridiculous.
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Why do you have to have the flood insurance. Is it a mortgage insurance requirement?
 
JuiceTheGator said:
Holee shit - just found out the renewal for my home flood insurance is $9,450 for this year. Fuuuuuck that. How does it go from $3k to over $9k in one year? Anyway, I'm not paying that shit.

AND my homeowner's policy company, St John's, just went insolvent and was taken over by some shit called "Slide." From $2k per year to $6k?! With my ridiculous wind insurance, that's over $20k per year.

Isn't there some rule that if your loan-to-value is 25% or less, you don't have to carry the ins required by the mortgage company? I don't want to pay the whole thing off, but I could pay it down to under 25% and go without worthless flood insurance.
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While there is a river across the street and it is dammed a mile upstream I'm still only in what is considered a 100 year flood plain and government backed flood insurance would only cost about $150/year.
 
JuiceTheGator said:
Wow...getting cheap online quotes. I guess the answer is not to drop insurance, it's to get shitty insurance that'll never pay!

Thanks fellas!
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be sure to list the mortgagee on the policy
 
Center Ice said:
Why do you have to have the flood insurance. Is it a mortgage insurance requirement?
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Yes. I live in "zone A," right on a saltwater canal within a mile of the Gulf. So, it's required with a mortgage. But flood ins was only $1,800 when I got the financing just a year ago!
 
JuiceTheGator said:
It's a rip. Most houses, including mine, are concrete block with cement tile roofs. A tidal wave could hit the place and it'd still be sitting here. Hurricane Charlie was 180mph at my house and I had no damage and made no claim.

My kid's shower pan leaked last year and I had to totally redo their bedroom and two bathrooms. I did some work myself and hired the rest and it was maybe $9k. If the water came-up 4' in the 1st floor, I could probably redo it all for $100k...including my $15k piano. $10k per year for useless insurance is ridiculous.
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You play the piano?
 
RobBase (c) said:
You play the piano?
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A little. I hadn't played for 20 years when I found a piano I had to restore. It was a 1932 Mathushek grand some idiot had for his kids to take lessons. He sold it to me for 100 bucks and I refinished the entire thing. It's all original and even the stool has matching #s. After the 12th coat of poly dried, I had to play it. It sounds incredible. The guy who tunes it just sticks around to play every time for like an hour.
 
JuiceTheGator said:
A little. I hadn't played for 20 years when I found a piano I had to restore. It was a 1932 Mathushek grand some idiot had for his kids to take lessons. He sold it to me for 100 bucks and I refinished the entire thing. It's all original and even the stool has matching #s. After the 12th coat of poly dried, I had to play it. It sounds incredible. The guy who tunes it just sticks around to play every time for like an hour.
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Wow, what a steal. My dad is a pianist. Been playing his whole life. He’s got a baby grand in his family room he plays. Does electric piano too. Sings. All that stuff.
 
RobBase (c) said:
Wow, what a steal. My dad is a pianist. Been playing his whole life. He’s got a baby grand in his family room he plays. Does electric piano too. Sings. All that stuff.
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He'd love it. Sounds on those are like cabernet...get more robust with age.
Here's a pic of a crappy one I found online. But it has that same ribbon mahogany.
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