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dpli
Daylight savings :)
Member since 5/05 13973 total posts
Name:
D
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homeowners insurance
We are just starting to look at houses. I was wondering if people felt comfortable giving this info - what do you pay for homeowners insurance? We are thinking of nassau county - probably areas like East Meadow, Bellmore, Wantagh, Seaford, Levittown, etc.
TIA for any ballpark figures!!!
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Posted 1/9/06 10:29 AM  |
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Prudential Douglas Elliman Real Estate
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Tah-wee-ZAH
Kisses
Member since 5/05 15952 total posts
Name:
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Re: homeowners insurance
I don't have figures for you but just an FYI some people don't think about...
There are several variables in that area that can make a difference. For example, how close you are to the water, commercial property, etc.
Sometimes the biggest variable is not the town but those variables mentioned and things like aluminum wiring, proximity to fire hydrant etc. Two of the exact same model house on the same block can be assessed differently. Also companies can vary a lot on their quotes and if you have an umbrella policy etc.
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| Posted 1/9/06 10:40 AM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: homeowners insurance
Posted by dpli
We are just starting to look at houses. I was wondering if people felt comfortable giving this info - what do you pay for homeowners insurance? We are thinking of nassau county - probably areas like East Meadow, Bellmore, Wantagh, Seaford, Levittown, etc.
TIA for any ballpark figures!!!
I got a GREAT deal with Liberty Mutual. $450 a year for a 400k house in Levittown.
The dwelling (house) coverage is about 170k, and includes full replacement cost.
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| Posted 1/9/06 10:44 AM |
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dpli
Daylight savings :)
Member since 5/05 13973 total posts
Name:
D
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Re: homeowners insurance
Posted by DjPiLL
Posted by dpli
We are just starting to look at houses. I was wondering if people felt comfortable giving this info - what do you pay for homeowners insurance? We are thinking of nassau county - probably areas like East Meadow, Bellmore, Wantagh, Seaford, Levittown, etc.
TIA for any ballpark figures!!!
I got a GREAT deal with Liberty Mutual. $450 a year for a 400k house in Levittown.
The dwelling (house) coverage is about 170k, and includes full replacement cost.
Thanks! This is exactly the kind of info I was looking for. I know things vary, but I literally had no clue what to put into the mortgage calculators when I was running #s. This helps, thanks!
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| Posted 1/9/06 11:22 AM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19460 total posts
Name:
L
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Re: homeowners insurance
We pay 485 for a townhome in NJ that we purchased for 400k too. It is a 2 bedroom, 2 1/2 bath, 6 room home.
Oh we got the insurance for replacement at the date of the accident, not for the value of the stuff on the date the accident occurs. So lets say the 2000 tv cost 200 dollars when purchased, but it is only worth 20 dollars today, well we would get the 200 to purchase a new tv and not the 20 that it was worth today.
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| Posted 1/9/06 11:56 AM |
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aliasPook
Blessed x 3
Member since 6/05 2460 total posts
Name:
Laurie
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Re: homeowners insurance
I also use Liberty Mutual. About $600 a year.
Let me know if you need their number, they are out your way. I know that they will not insure a home with an underground oil tank.
The person I deal with is a sweetheart and not pushy at all. They also have a lot of different discount programs for alumnis and larger ocmpanies, or if you have other policies with them. We also just purchased life insurance with them.
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| Posted 1/9/06 12:07 PM |
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dpli
Daylight savings :)
Member since 5/05 13973 total posts
Name:
D
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Re: homeowners insurance
Posted by aliasPook
I also use Liberty Mutual. About $600 a year.
Let me know if you need their number, they are out your way. I know that they will not insure a home with an underground oil tank.
Does that mean they won't insure if the oil tank is in the basement, or only if it is buried?
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| Posted 1/9/06 12:38 PM |
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Tah-wee-ZAH
Kisses
Member since 5/05 15952 total posts
Name:
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Re: homeowners insurance
There is a new Nassau county law that states all underground oil tanks must be abated upon the sale of a house and all new tanks must be above ground oil tanks only. Up until a year or two ago the state was giving a tax credit of $500 to all homeowners who did this.
I had to abate oil tanks on two houses so far. Cost is about $2K for a 275 or 330 oil tank.
The Suffolk law is different as my uncle just got another in ground oil tank installed on his property and abated the previous one.
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| Posted 1/9/06 12:44 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: homeowners insurance
Posted by dpli
Posted by aliasPook
I also use Liberty Mutual. About $600 a year.
Let me know if you need their number, they are out your way. I know that they will not insure a home with an underground oil tank.
Does that mean they won't insure if the oil tank is in the basement, or only if it is buried?
As long as the oil tank underground was decomissioned properly... you can get insurance.
I have an oil tank under my house... but we now use the above ground one. Liberty Mutual had no problem with this (and I told them i had a tank below... but it was filled).
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| Posted 1/9/06 6:01 PM |
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jandt2006
LIF Adult
Member since 8/05 1338 total posts
Name:
Teresa
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Re: homeowners insurance
i also have liberty mutual and pay around $600, it was just recently acquired, didnt move in the house yet. great coverage, dont' know the exact numbers but they are up there in terms of coverage.
eta: the house is in suffolk though
Message edited 1/9/2006 8:42:00 PM.
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| Posted 1/9/06 8:41 PM |
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Re: homeowners insurance
Liberty Mutual was the lowest price by far that we got. Around $600.
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| Posted 1/10/06 3:11 AM |
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