FH and I are in the process of looking for a new house and we are trying to gain insight on the price of homeowner insurance. If you ladies don't mind sharing what you pay/or around how much...that would be awesome!!
allornil
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Re: NWR: How much do you pay for homeowner insurance?
I have a small house and I pay $1097 a year.
I can give you the brokers name tomorrow if youd like. Bear in mind, lots of companies no longer cover LI bc they consider it a flood zone.
geegee827
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Re: NWR: How much do you pay for homeowner insurance?
It's about $1,300 a year. You have to pay the first year in full before you can close.
Notwedyet08
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Re: NWR: How much do you pay for homeowner insurance?
I'm not sure the exact amount; but it's close to $1,100 for the year.
Like PP said-you have to pay the year in full at closing. So you'll need to have that cash on hand; the future years payments are usually wrapped up into your mortgage.
stinenandy2010
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Re: NWR: How much do you pay for homeowner insurance?
Posted by geegee827
It's about $1,300 a year. You have to pay the first year in full before you can close.
I had no idea about this when we closed, so the morning of the close when they told me how much to bring it was $1,100 over than what I thought b/c I wasn't unaware that you pay in full for the first year.
Our homeowners is $1,100
Tetelove
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Re: NWR: How much do you pay for homeowner insurance?
Thanks so much ladies for the advice!! I didn't know you had to pay the first year in full
KN2011
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Re: NWR: How much do you pay for homeowner insurance?
I think we pay like $900/year.. but I also have to pay an additional premium for flood insurance!
allornil
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Re: NWR: How much do you pay for homeowner insurance?
Posted by KN2011
I think we pay like $900/year.. but I also have to pay an additional premium for flood insurance!
Yeah theyre getting all of us on that now. Oddly im 6 blocks from the water and they didnt nail me on this
KN2011
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Re: NWR: How much do you pay for homeowner insurance?
Really?? we are 2 blocks but we are the first house in the flood zone! My neighbors dont need flood insurance! How annoying
TheEyesOfMarch
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Re: NWR: How much do you pay for homeowner insurance?
It depends on the house... Depending how much your house is worth and insuranced will change the cost of the policy.
Ours is 1200 + the E-ring.
If you want to figure ihow much it cost a year to insurance your e-ring? Figure around $15. per thousand.
Good luck house hunting!
amandamichael
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Re: NWR: How much do you pay for homeowner insurance?
im an insurance broker if anyone needs help-- and you dont have to pay your first year in full usually, its okay to installment it,unless your banks insisting
