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You must of got one hella of a deal! For CA: "Based on where you live, insuring a single-family house can cost from $2.50 to $5.50 per thousand dollars of cove
by thorwasdfasdf 7y ago
You must of got one hella of a deal!
For CA: "Based on where you live, insuring a single-family house can cost from $2.50 to $5.50 per thousand dollars of coverage"
.25% to .55% That's quite significant.
https://www.valuepenguin.com/california-earthquake-insurance-cost#nogo https://www.valuepenguin.com/california-earthquake-insurance...
- refurb 7y agoYes, but most earthquake insurance policies have huge deductibles and the house is often worth ~1/3 of the entire property, so your number could still align with what others said.
- djakjxnanjak 7y agoThat’s a percentage of the value of the structure, not the structure+land. When buying insurance, you answer questions about your property and the insurance company estimates the cost of replacement of the structure. In my case, it’s about 30% of the market value of the home.