[quote=carlsbadworker][quote=AN]Earthquake insurance is so cheap, I consider it worthwhile for me. They’re going for around 150-300/yr. for your typical tract homes. [/quote]
That’s only because you are in San Diego. For where scaredy live (and where I live), it is easily $1000/yr or more. Now takes out 15% deductible and factor in $1K/yr premium, it’s almost like I would be insuring for the lender. I guess we have no choices but to skip it.
Good thing that houses here are normally built after 2000 around here.[/quote]
Lets take your numbers then, $1k/yr for the next 50 years = $50k + $45k (15% deductible of a $300k house). That’s $95k out of pocket to to rebuild a $200k-300k house. That still seem worth it to me. Even if nothing happen until 100 years from now, you’re talking about $145k total payment to rebuild a $200k-300k house (assuming cost to rebuild won’t go up for the next 100 years). Still seem worth it to me. Am I missing something?
