Richard, Home Seller in Sacramento, CA

The home insurance quoted to me at $1024 for 12 months. Is it too much for a 11yr old 2000sqft house ? The deductible is 1% (of $182k).

Asked by Richard, Sacramento, CA Mon Jan 24, 2011

Any recommendations ?

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John Safstrom, Other Pro, Allen, TX
Mon Jan 24, 2011

You have been given good advice already. You may want to check out my latest blog entry on Trulia from the other day. It tells you what you should know about Homeowner's Insurance.…
0 votes
Melissa Hail…, Agent, Plano, TX
Mon Jan 24, 2011
I agree that you should shop around for the best rates. Some insurance agents will shop multiple companies for you all at once. Good luck!
Melissa Hailey
Coldwell Banker Jane Henry Realtors
North Texas Top Team, Realtors
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Darrell Self, Agent, Allen, TX
Mon Jan 24, 2011

You need to contact an independent insurance agent and see if they can do better. As one of the other agents stated Realtors are not insurance agents so the best source for that information is an independent agent. If you need a referral for someone let me know.
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Don Groff, Agent, Austin, TX
Mon Jan 24, 2011
Home insurance is based on many things. Your credit and the area you live. Talk to your agent and see what coverages you have and what you need. Then use that information and talk to several other companies and see who is giving you the best deal.

I have clients purchasing $300-400k homes with insurance under $600 yr. There are so many options you need to know what coverage you need and then shop it around to ensure you are getting a good deal.

Good luck to you.

Don Groff
REALTOR | Mortgage Broker
Keller Williams Realty | 360 Lending Group
0 votes
Dallas Texas, Agent, Dallas, TN
Mon Jan 24, 2011
Realtors ARE NOT PROFESSIONAL insurance agent be outside our scope render an opinion. Contact other insurance agents receive bids.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
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Bruce Lynn, Agent, Coppell, TX
Mon Jan 24, 2011
Sounds about right.
In the past I always suggested a number of about 1% of the value of the home.
However lately the past year or two I have seen many quotes come in about 1/2%/year of the home value.
So you sound pretty close to those two numbers.
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