Home Insurance in Pelham>Question Details

Mary, Other/Just Looking in Rye, NY

How much should I expect to pay per year on home owners insurance for a house w/ a market value of 850k? Thanks.

Asked by Mary, Rye, NY Fri Jan 22, 2010

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That varies by area and the type of coverage you want. Call at least two or three insurance and be sure to call the one who has your car insurance as they usually give you a discount.
0 votes Thank Flag Link Fri Jan 22, 2010
Be sure to check with at least 3 different companies. Depending upon their past losses in other markets - you may find discernible differences in rates!
0 votes Thank Flag Link Fri Jan 22, 2010
Hi Mary:

Insurance is based on several things such as location area, sq. footage, and other variables such as a fireplace, a basement, finished or not finished. Besides being a real estate agent, I am also a licensed insurance agent and would gladly quote your insurance for you. If you would like to give me a call, I can discuss it further and have a quote in a half hour.

AnneMarie Encarnacao
0 votes Thank Flag Link Fri Jan 22, 2010
Thanks - trouble is I've called 6 insurance agents and they're all quoting me rates much higher than my friend's homes that cost a lot more than 850k! I don't know why yet but I'm determined to find out. I'm being told that b/c the house is old, I need to insure for a replacement value determined by the insurance company or my policy will not be valid. My friends live in NJ where it might be different rules but it's still a high cost area. If there are any home owners in the Westchester, NY area, I'd appreciate any advice. Thanks.
0 votes Thank Flag Link Fri Jan 22, 2010

There are so many different variable in insurance I would just call a few different insurance agency’s and get quotes. Or just Google insurance quotes online.

Jerry A. Lorenz
Russell Realtors
Cell: 440 724 4402
Check Out My Real Estate Blog: http://jerrysrealestateblog.blogspot.com/
Web Reference: Http://www.lorenz-543.com
0 votes Thank Flag Link Fri Jan 22, 2010
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