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October 18, 2010 at 8:46 PM #620515November 11, 2010 at 3:46 PM #629725carlsbadworkerParticipant
[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.November 11, 2010 at 3:46 PM #630821carlsbadworkerParticipant[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.November 11, 2010 at 3:46 PM #629802carlsbadworkerParticipant[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.November 11, 2010 at 3:46 PM #630503carlsbadworkerParticipant[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.November 11, 2010 at 3:46 PM #630376carlsbadworkerParticipant[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.November 11, 2010 at 4:48 PM #630538anParticipant[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?November 11, 2010 at 4:48 PM #630855anParticipant[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?November 11, 2010 at 4:48 PM #630411anParticipant[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?November 11, 2010 at 4:48 PM #629760anParticipant[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?November 11, 2010 at 4:48 PM #629837anParticipant[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?November 11, 2010 at 6:24 PM #630875joecParticipantHas SD ever had a truly destructive earthquake? Maybe the rates are what they are because people assume an earthquake would result in a house being totaled (like a car). I am only guessing, but in actuality, maybe only certain parts of a home will be affected and the insurance company will only spend the least amount to fix that portion. So 50k to fix over 50 years, but the damage was only 30k rather than a complete rebuild…
No idea. Considering it myself…
November 11, 2010 at 6:24 PM #629780joecParticipantHas SD ever had a truly destructive earthquake? Maybe the rates are what they are because people assume an earthquake would result in a house being totaled (like a car). I am only guessing, but in actuality, maybe only certain parts of a home will be affected and the insurance company will only spend the least amount to fix that portion. So 50k to fix over 50 years, but the damage was only 30k rather than a complete rebuild…
No idea. Considering it myself…
November 11, 2010 at 6:24 PM #630431joecParticipantHas SD ever had a truly destructive earthquake? Maybe the rates are what they are because people assume an earthquake would result in a house being totaled (like a car). I am only guessing, but in actuality, maybe only certain parts of a home will be affected and the insurance company will only spend the least amount to fix that portion. So 50k to fix over 50 years, but the damage was only 30k rather than a complete rebuild…
No idea. Considering it myself…
November 11, 2010 at 6:24 PM #629857joecParticipantHas SD ever had a truly destructive earthquake? Maybe the rates are what they are because people assume an earthquake would result in a house being totaled (like a car). I am only guessing, but in actuality, maybe only certain parts of a home will be affected and the insurance company will only spend the least amount to fix that portion. So 50k to fix over 50 years, but the damage was only 30k rather than a complete rebuild…
No idea. Considering it myself…
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