Home/Condo owners - Question about insurance

[Ruby the Liberal]

Mods, please move if in the wrong forum.

Question for peeps who have owned single family homes as well as condos. I understand the difference between the 2 coverages (and the need to price out kitchens, cabinets, bathrooms and the like), but can't seem to find anything about insurance rates.

Can someone give me a ballpark on the difference in annual cost? Half? More than half?

[juajen]

1. Depends on your location. Hurricane alley is very expensive.

[Ineeda]

2. My insurance (perhaps all Florida?)

does not take any of the things you mention into account (kitchens, etc.) I could renovate and put in a $100K kitchen and home-spa type bathrooms and it wouldn't matter. Age of house, type of construction, type and age of roof, are the primary concerns. Sorry, but because I carry flood, wind, and homeowner's coverage (fire, liability,) I can't give you a figure. I'd advise you to contact several insurance agents to compare.

[Ruby the Liberal]

3. Since I can't get an answer from the google, I am thinking you are right.

The condo I am looking at states that I am responsible from the studs inward and to be sure and take everything inside (cabinets, etc) into account.

I know renters was like $100 and Home Owners (same personal possessions) is $600. Was just curious if anyone here ever compared the same for HO/condo?

[taught_me_patience]

4. We're required to be insured for 1/5 price of the condo

for inside damage to be compliant with our mortgage. $100k of insurance is approx $200/yr in Los Angeles w/o earthquake insurance.

[Ruby the Liberal]

5. That is helpful. Thanks! nt