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homeowners insurance

January 7th, 2009 at 09:43 am

I have been getting the run around by Allstate about insuring our home only to find out yesterday that they wont insure duplexes.

That's too bad because when I added BB to my car insurance with Allstate it was only $10 a month extra! I was hoping for a great deal by adding homeowners insurance too.

Geico wont insure duplexes either.

I finally got a quote from "Foremost" (who?)for $700 to start the policy and then $290 a month for $223k coverage. I told them I did not pay $223k for the duplex but they need to add debri removal and cost of replacing the structure to the policy, and that is the coverage amount I need based on the location, material, and heating source. ...Does this sound expensive? I was assuming it would be about $100 a month. Our taxes will be about $250 a month...seems weird the insurance will cost more than the taxes because everyone always complains about the cost of taxes.

I have a call in to State farm...anywhere else I can try?

12 Responses to “homeowners insurance”

  1. Koppur Says:

    Maybe Amica if they are down that way or Progressive.

  2. kdmoffett25 Says:

    Farm Bureau. We use State Farm for our home and it was only like $800 for the year for a $216,000 house on 2 acres... with extra coverage on other items... figure that one out.

  3. Caoineag Says:

    Have you considered an independent insurance broker. Sometimes they work better. Also, look at having all your insurance at one company and compare the total cost. Most everyone offers huge prices differences for multiple policies so the total is what you want to get down. Best of luck!

  4. gamecock43 Says:

    State Farm came to our rescue! They are offering $78 a month for a $175,000 coverage (purchase price minus the land). Then they are offering a 4% additional discount if we add our cars! And No start up costs! I told the woman to email me the info but I think thats the way we are going to go. Our realtor gave me a guestimate that our insurance would be $70 a month and this is right in line with his expectations.

  5. gruntina Says:

    Glad to hear that State Farm is more reasonably priced! Good for you for shopping around.

  6. monkeymama Says:

    Wow. I wonder if duplexes are risky or something. Does sound expensive.

    IT varies by region. We paid about $1k/year to insure our condo (just the inside of the property; we didn't own the exterior) and we pay about the same to insure a house/land twice the size in a much less expensive area. Actually, most years our insurance here was significantly cheaper than the condo.

    Glad you found something reasonable! (We have State Farm too. If you stick with them a while, no other insurer can beat their loyalty discount. We check around every couple of years and have never switched insurers. Nothing else comes close, but I think it is a good insurance company too. Even though "good insurance" may be a bit of an oxymoron).

  7. Ima saver Says:

    I have insured with state farm ever since I first owned a house. My insurance is $1100 a year for a 3200 square foot house.

  8. Ms. Pearl Says:

    Glad you found something better because I was thinking that was way too much!

  9. Amber Says:

    I wonder why the others won't insure it; however, try Nationwide

  10. Caoineag Says:

    That sounds much more reasonable. Good for you!

  11. boomeyers Says:

    We have had State Farm since we have been married. I can't say they save us a lot of money, but our customer service has been outstanding. They have never questioned or denied anything. We have cars/home/life/and a credit card with them. If you get their credit card, it is great for renting cars with.

  12. frugaltexan75 Says:

    Wow! I'm glad you were able to find something much more reasonable.

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