Home Owners Insurance……Guys I need help…I tried calling my auto insurance company to get an estimate as ?
to how much I might be looking at spending annually on a $380,000 property, but they said that they could not give me a idea because a lot of things have to be taken into consideration,,,so this is where I need to figure out a ballpark figure, please help……Thanks…..
A ballpark figure is betw $1k and $25k
But it takes you about 10 minutes to get quoted to the cent at many comparison sites that you may find all over the net, and it’s free with no obligation.
See http://best-american-insurers-free-comparison.servicesarticles.com
there’ll be many more in google
if you know of a specific property then they can tell you. if you only know what you are wanting to spend to buy a property then no they cant. they need specifics on the property to do a quote. its not based on what you buy the home for, it based on replacement value. BIG difference. once you find a home you are interested in, then call your agent and get a quote.
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Agent
There is no way to answer your question without more information. Do you have a particular property in mind?
Call you agent and ask them what information they specifically need. If you have a property in mind get at much of the info as you can and guess on the rest. If you don’t have a property in mind answer the questions based on what you think you’ll buy and give the agent THAT info. Then you’ll have an idea.
But please keep in mind that rate van vary by hundreds or even thousands based on the particulars of the house you choose and its location. Here in South Florida the same house can be thousands different based on where it’s located, it’s hurricane protection and other factors…
Best of luck!!!!
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15 years as an insurance agent, retired.
It will vary by state, but you might be looking at $800-$1200 a year.
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Anywhere from $1,000 to $15,000. Sorry, that’s the ballpark, without some of the information.
Information needed includes construction type, age, square footage, replacement cost, age of updates (if the house is more than 10 years old), address, your credit score, location claims history, your claims history, etc. And depending on the answers to those, there are lots MORE questions, too.
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Depending on what state you are in, rates can vary from city to city.
Zip code is a big determining gactor in homeowners insurance rates.
When an agent quotes your home, they DONT go based on value of the property. The value of the property includes not only the value of the dwelling, but also land value. When you insure your home, you are not insuring the land its on, therefore, there is no way of giving you a figure of how it would cost, unless you have more specifics of the property.
You dont necessarily have to have all the characteristics of the property to get a quote, since most agents have access to databases where they can find out the age, squarefootage etc of the house.
You do however, need to give an adress for the agent to quote.
Also, some states may have to run your credit which is a determining rate factor.
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ask them what they need to know – my agent just asked me a bunch of questions like is it wood frame or brick, type of siding, number of bathrooms, etc – they probably need the exact address – using your current auto ins company – if they also offer homeowners insurance – you should save about $50 a year from a combined discount – If you are looking for a house, wait until you get a signed and agreed sales contract, then call again
References :
A ballpark figure is betw $1k and $25k
But it takes you about 10 minutes to get quoted to the cent at many comparison sites that you may find all over the net, and it’s free with no obligation.
See http://best-american-insurers-free-comparison.servicesarticles.com
there’ll be many more in google
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ballpark is betw 1 grand to 50 grand, depending what’s in it etc.
If you are insuring content and you have a Van Gogh worth 200 grand then the sky is the limit.
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common sense and the ability to take online insurance quotes