Insurance Rates - Car and Home
Can anyone share the general rates for a single adult for moderate insurance coverage (1-2k deductible, etc.) for a vehicle valued at 10-20k?
What can I expect for a $300k home for HO insurance?
Do they vary greatly by island - I'm specifically interested in STJ.
I know utilities are killer, food and supplies in general also. R there other big expenses that are a surprise to most?
Thanks in advance (way in advance)
Ok, you salty sailors. Let me refine/adjust my q's.
1. Can anyone share the general CURRENT rates for a single adult for moderate insurance coverage (1-2k deductible, etc.) for a vehicle valued at 10-20k? (someone told me they pay $5k/year for an island car and two adults - just trying to debunk or verify this as the ball park.)
2. I would think that HO insurance could be estimated at a % of replacement value of the house. Does anyone know the ballpark of what that rate CURRENTLY is?
Thank you for your support:P
Maybe you should just call one of the larger insurance agencies (i.e. Theodore Tunick on St Thomas, 340-776-7000 who handle both home and auto insurance) and get current ballpark figures from them. Information such as this is best gained right from the horse's mouth and maybe they can even hazard a wild guess how prices will change in 9 years time.
I have full coverage just like I had back in the states on 2 vehicles(a 2013 model and a 2006 model) and pay less than $700 a year for car insurance. I use USAA which not everyone is eligible for.
HO insurance usually runs between 1.5% and 2.5% of the home's value per year. This is on a concrete block construction. A wooden structure I would imagine is a bit more. This is obviously just an estimate and cost could be higher or lower depending on the specific situation.
A wooden structure I would imagine is a bit more.
I don't remember what we pay for HO insurance. What I do remember is that when we bought our house the insurance company requested photos of the house. In one photo it showed a part of the house that has purely decorative wood siding ( over concrete). The agent called to verify that it was concrete under because the insurance company they write thru would absolutely not cover a wooden structure..