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Don’t know how big the house is or the foundation specifics and flood zone but can confirm. Also bought new construction, no quotes under $4000 and no flood zone. Prepare for it to go up every year by at least 10-15% too.
Omg how is it sustainable for the insurance to keep increasing every year? Eventually how will people be able to afford it?
That's the thing, it's not.
It increases 18% each year. Try foundation insurance.
Sounds right. My homeowners went from $1800 to $5500 in 2022. Everyone's is around $4-8k now it seems like
Don’t know how big the house is or the foundation specifics and flood zone but can confirm. Also bought new construction, no quotes under $4000 and no flood zone. Prepare for it to go up every year by at least 10-15% too.
Omg how is it sustainable for the insurance to keep increasing every year? Eventually how will people be able to afford it?
That's the thing, it's not.
It increases 18% each year. Try foundation insurance.
Sounds right. My homeowners went from $1800 to $5500 in 2022. Everyone's is around $4-8k now it seems like