let's say it was built in the 80's, has a living area downstairs. Is it more expensive then for all three policies? And what does "living area" mean exactly for the downstairs? one tht we are considering has a big area with a small kitchen and bar but no bedroom. It's really for entertaining (the downstairs. Does have a small bathroom.
I've also noticed that there are a LOT of homes for sell there, Do you know why?... more
Unfortunately there is not a quick and easy answer to the question of "How much is home owners insurance in Bayou Vista" I am both a resident of Bayou Vista as well as an active Real Estate agent that works in Bayou Vista and the surrounding areas. Having said that, if you have a mortgage you will need 3 different policies. This is different that what you have in California. You will need home owners which basically covers fire, theft and liability on the house. This is usually the cheapest part depending on coverage. Then you will need a Windstorm and Hail policy which cover just what the name states. And last but not least you will need a Flood policy which would cover flooding on the home. While I can not give you a definite answer I can tell you that a newer home, built say in the 1980's or later, with no enclosed areas downstairs and values at $170,000 would probably cost in the neighborhood of $3000-$4000 per year to insure for all coverages. Hope that helps.
Better Homes and Gardens Real Estate, Gary Greene-Tiki
Bayou Vista is located on the Galveston Coast, therefore we are required to carry home owners, windstorm and flood insurance. The cost of flood insurance depends on the year the home was built (FIRM or Pre-FIRM) , where the home sits on the canal (A-Zone versus V-Zone) and of course amount insured, etc. Windstorm comes from a state pool and depends on size of home, deductibles. It would be extremely difficult to approximate the cost without knowing more about the home. The rating of course would come from an insurance agent.
I hope this helps some. Please call me as I live and sell in Bayou Vista and could share more with you .