[quote=svelte]Ours is $2200 and is up for renewal, 3000sf.
One of the lessons I learned from my Dad is that home insurance is not a good area to go with low bidder.
About 30 years ago he went low bidder on his houses and then a rental home of his burned. Total loss. Insurance company refused to pay. He ended up having to take them to court – and won – but it cost him a LOT of time and frustration.
From then on out, he paid more attention to reputation than price and made sure his children learned from that hard-earned lesson.
Also in this inflationary time, we have an auto-adjustment feature on ours to take into account the rise in replacement cost. Something to think about.[/quote]
That’s very good advice. Don’t skimp on insurance. That said, Foremost and American Modern are highly rated insurance companies.
The biggest issue with homeowner’s insurance is being under-insured and not uping the coverage when building costs go up due to inflation.
The other thing to consider is earthquake insurance, which in SD county is still pretty cheap. You can get one with a high deductible that is only good for catastrophic events for pretty cheap.
“Don’t skimp on insurance” is one of the reasons why I would never get Geico for anything. I’ve had so many friends that tried Geico, and when it came to a claim, they were so cheap to pay out claims for auto collisions. And Geico isn’t really cheap compared to Costco’s American Family Auto Insurance or Hagerty, which also has a great reputation.
If you have a really old car, consider getting Hagerty. Hagerty use to be great insurance for classic and exotic cars that would be an arm and leg to insure normally. But the car doesn’t have to be really a classic or exotic. It just has to be old and in CA, parked in a garage. insurance bill with better coverage is very low even compared to Costco American Family Auto Insurance….I learned that from old porsche and miata owners…
Also, Hagerty does not exclude teen/minor drivers from their policies. So my plan is to insurane my kid on my beater Audi and miata.
