Home insurance/car insurance

You have to get hurricane insurance. For a 3 bed,2 bath home with one apartment we pay $3500/year. This is through AARP so a bit cheaper than others. Car insurance is not too bad - about $900/year for a new car with comprehensive coverage.

less than $300 /yr for car insurance with only basic liability [which is all that's required]
you dont have to get hurricane insurance unless you have a mortgage; the bank requires that their 'investment' is protected, but some homeowners [who own their houses outright] choose to self-insure; essentially put the cash they would be paying to an insurance company into an account of their own, let it grow, and [if youre the gambling type] after a number of years of good luck, you have beat the system; you have a self-sustaining hurricane fund which should, without any deductible, cover repair costs if you lose a roof or windows, etc. self-insurance is definitely for the gambling type, and you have to be very diligent in leaving the money where it is, the new-car fund has to be separate regardless of how attractive $30k cash looks, it's there for a reason.
enjoy

I live in NJ and my home insurance on a 300,000 home full coverage is about $610.00 Who would even consider an area with $4000.00 policies? Someone is getting rich quick there.Donna wrote:
>
> You have to get hurricane insurance. For a 3 bed,2 bath home
> with one apartment we pay $3500/year. This is through AARP so
> a bit cheaper than others. Car insurance is not too bad -
> about $900/year for a new car with comprehensive coverage.

Who would even consider?

Someone who wants to live in an area that is much more prone to hurricane damage than in NJ, perhaps?

Chris

heh, you live in NJ! =)

who would even consider!!