More reasons to hate last years ice storm.

[baboon]

If y’all ain’t renewed your homeowners insurance, get ready to grab your ankles. Between the Texas ice age, tornadoes & Brandon’s inflation my premium will be going up.

I guess it could be much worse living in crime ridden Houston.

 

[Bozz10mm]

My home owner's insurance is now right at $1500 a year. Does not include any kind of personal injury liability insurance. It started at $900 annually in 2003. 1680 square foot home on 1 acre. How does that compare? Just think I've been paying way to much. I've been getting ads in the mail with estimates of about half that, but I think they are just baiting me.

 

[striker55]

$1,704 for 1,700 square feet in Harris County

 

[baboon]

I guess for what I have it ain’t bad. My insurance guy is really good about cost, but I’m looking at a $600.00 increase over last year.

I reallly need to find a way to make money off my empty shop building.

 

[Brains]

I'm at 1823/yr. for a subdivision house with a pool in Montgomery Co, so I probably shouldn't be complaining too much. Yet.

 

[oldag]

My home owner's insurance is now right at $1500 a year. Does not include any kind of personal injury liability insurance. It started at $900 annually in 2003. 1680 square foot home on 1 acre. How does that compare? Just think I've been paying way to much. I've been getting ads in the mail with estimates of about half that, but I think they are just baiting me.

High for that square footage.

 

[Sam7sf]

But it’s such a booming economy. He’s done such a great job.

 

[dsgrey]

I thought the crazy escalating house values were the driver.

 

[oldag]

I thought the crazy escalating house values were the driver.

That is also a big factor.

 

[Fishkiller]

Mine went up $90 (New bill is $764) which considering the rise in house value ain't too bad. One thing to watch out for on insurance is the smaller companies have a harder time absorbing losses, and one mantra of the insurance folks is "the good risks must help pay for the bad" So if you are with a company that mostly does business in Texas you are going to take it in the shorts. Look for a national player. I have Farmers and they are pretty good at holding the line.

 

[Grumps21]

I‘m at $2800 for 2700 sqft house. They say because my roof is 20 years old. I’ll be damned if I’m going to put a roof on with building materials what they are. BIL had one put on his house 4 years ago, and about the same size roofing area and it was $10k. Probably 20% more to do that Sam roof today. I’ll wait until things cool off.

 

[pronstar]

I‘m at $2800 for 2700 sqft house. They say because my roof is 20 years old. I’ll be damned if I’m going to put a roof on with building materials what they are. BIL had one put on his house 4 years ago, and about the same size roofing area and it was $10k. Probably 20% more to do that Sam roof today. I’ll wait until things cool off.

Is waiting for the next hailstorm an option?
I bet 90% of new roofs are insurance jobs.

With a roof that old, they’re gonna start to pro-rate the replacement value down with each passing year.


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[Grumps21]

Is waiting for the next hailstorm an option?
I bet 90% of new roofs are insurance jobs.

With a roof that old, they’re gonna start to pro-rate the replacement value down with each passing year.


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I’m going to squeak by as long as I can. I’m thinking they probably would prorate, and after the deductible, I wouldn’t get enough payout to offset the inevitable premium hike. If I have to replace it once things cool off then I will. Ultimately, we don‘t plan to be in this house for too much longer, 5 years tops. The house, though completely livable, needs a lot of work to bring it into the 21st century. I’d rather put $ into a new (to me) house then try and rehab my 45 yo house into something I think someone else might like. It’s flipper material, built near the energy corridor before there was an energy corridor. Location will sell the house. I don’t think I’ll get that much more with a new roof.

 

[striker55]

I‘m at $2800 for 2700 sqft house. They say because my roof is 20 years old. I’ll be damned if I’m going to put a roof on with building materials what they are. BIL had one put on his house 4 years ago, and about the same size roofing area and it was $10k. Probably 20% more to do that Sam roof today. I’ll wait until things cool off.

We purchased a house in 2008, during the inspection we were told it would need a roof but it was still okay. Moved in Aug, Sept hurricane Ike hit. Insurance paid for a new roof, yeah man!

 

[SA_Steve]

Replacement costs are now sky high.

 

[Eli]

My existing policy sent me a renewal last month stating there'd be a 60% increase in premium, I promptly got a different carrier!

Eli

 

[Eli]

I‘m at $2800 for 2700 sqft house. They say because my roof is 20 years old. I’ll be damned if I’m going to put a roof on with building materials what they are. BIL had one put on his house 4 years ago, and about the same size roofing area and it was $10k. Probably 20% more to do that Sam roof today. I’ll wait until things cool off.

I know a good roofer in Houston, not cheap but unlike many he's certified by the shingle manufacturers so the labor is warranted as well as the material.

Eli

 

[Sasquatch]

$3048 / yr on a 2100 sq foot mfg home, we're on just under 3 acres in Montgomery Co. Damn insurance was almost as much as the property tax bill this year.

 

[Glenn B]

You may hate least year's storms but be happy to be alive and in decent health for your age for those to come this year or next.

 

[Tnhawk]

I paid my flood renewal last week. It had an increase as the home value was increased. I expect the homeowner's insurance will also increase.