I just paid my homeowners insurance policy.

[flvegan]

You know, some parts of this whole "own your own home" thing kinda suck.

But then, when I think of it, my house is worth* 10x what my car is, and the yearly policy premium is about the same for both.

Hm. I'm actually kind of outraged at that, now that I think about it.







*Allegedly, considering what the market is like now. :eyes:

[TZ]

1. Hmm.

My homeowners yearly premium (condo) is about 1/5th of my car premium. Does that make any sense? (Condo is worth about 10x car value as well.)

[Dr. Strange]

2. Yeah, but...

what are the chances that someone is going to drive off with your condo?

[TZ]

5. *choke*

Seriously my soda just went down the wrong way...I never thought of it that way...:rofl:

[CreekDog]

15. you have to get board approval before you drive your condo anywhere

;)

[CreekDog]

14. For once you and I thought the exact same thing

except I was thinking what are the chances she's going to crash her condo into a minivan full of Midlets. :crazy:

[flvegan]

4. Either you drive a Ferrari, or your driving record is questionable.

Maybe we should start calling you The Bandit.

:rofl:

Actually, you're in DC right? Car theft capitol of the states, used to be. That might be why.

[TZ]

6. Thats gotta be it.

I have one accident a few years ago (my fault sort of) but NO tickets.

[LeftyMom]

3. Your home isn't likely to get in a collision.

Unless I'm in it. I believe you know that story?

[BeachBaby]

7. I'm assuming it's because of the recent hurricanes?

I've heard alot of people are selling their homes down there b/c of the insurance.

[pitohui]

8. they may be "selling" but who is "buying"?

it's an unfortunate reality that such a transaction takes two parties and once people see the price of homeowner's insurance, or their inability to get it at all, then who is going to buy?

i see lots of for sale signs, i don't see any sold signs

this is louisiana tho but supposedly the recession has affected us THE LEAST because of the hurricanes (because of reconstruction money and jobs coming in)

[Dangerously Amused]

9. You could always live in your car.

Cut that premium right in half.

[flvegan]

10. I could live in my car parked in your driveway

but you don't shovel it!

:cry:

[Dangerously Amused]

11. We can work around this.

The alley will be plowed; walk down the alley and then halfway around the block to the front door... then give the secret knock and I'll let you inside!


:bounce:

[mwooldri]

12. Well we have MOBILE homeowners insurance...

... and literally, that is dirt cheap - $19/month.

But then my two vehicles are worth more than the mobile home is (it's 20 years old, and we don't own the land it's on - lot payment is $150/mo with water, sewage and garbage included).

However all things considered if a tree was to fall on it, we'd have about $25,000 towards a new home - either replace the structure or abandon it and buy a real house instead.

Mark.

[merh]

13. you should see the premiums that folks along the MS gulf coast have

to pay. $3500 to $4500, if they can find someone to write the policy.

eta plus another $300/$400 for flood insurance.

[flvegan]

16. I know that they/you're getting f*d far worse than we are in my area.

Which is bullshit to me, because as far as I can recall, the insurance companies didn't exactly pay out as they should have after Katrina.

[merh]

21. Oh, the grant monies given to citizens were bailout monies for

the insurance companies - the government took the heat off of them and the grants did not equal the policy limits.

Some stopped writing policies, others went to 10% hurricane deductibles.

And all of them have shown profits and not losses.

[mainegreen]

17. Yeah, but that's only cause people like you can't actually drive your houses.

If you could, you couldn't afford homeowners insurance.

:D

[flvegan]

19. My house would have a V24, 2 brazillion horsepower and 8 kajillion torques!

[mainegreen]

20. I imagine your house would have a spoiler and fuzzy dice, that's what I imagine.

[tigereye]

18. yeah, but your house is unlikely to crash into anything...

asteroids not withstanding.


All I know is that water is NOT the home-owner's friend. Some of it is always trying to get in or make it's way from where it shouldn't.