Re:Hurricane Ian damages in Southeast estimated at $100B to ...
by toomuchtodo on Friday September 30, 2022 @01:22PM
(#33037753)
Kin Insurance covers my Florida property at ~$400k of replacement coverage with reasonable deductibles for $1800/year. I am not on the water, the property is significantly above sea level with a new roof, and I have done every mitigation recommended by the insurer (wall to roof strapping, water barrier between shingles and decking, shutter supports, etc).
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Re:Hurricane Ian damages in Southeast estimated at $100B to ...
by Kon-Peki on Friday September 30, 2022 @03:00PM
(#33039170)
That sounds affordable as long as you have a decent job.
As a point of comparison, however, up here in northern Illinois, you can get 2-3x the replacement coverage from a name-brand national insurance company for that price. And we do have tornado risk.
Which is to say that your insurance is expensive, but I wouldn't call it a barrier to living there. Much like property taxes - if you saw my bill, you'd probably fall out of your chair. Turns out the total cost is high everywhere. ;)