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Old Crank

(6,938 posts)

10. If you owe less than a certain percentage of your homes value

Reply to hamsterjill (Reply #8)

Fri Mar 13, 2026, 10:02 PM

Friday

You may not need to carry insurance.
You would have to check your loan documents.
Then make a calculation to decide if the exposure to risk is okay for you.
You could save on insurance. But even $300 per month saved and put into your own personal disaster account only gives you less than $4k per year.

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Got my new HO insurance bill. It's $4000. Last [View all] leftyladyfrommo Friday OP

I meant $800 not 8,000. leftyladyfrommo Friday #1

My advice, go back to your agent and ask how to reduce the premium and then shop around with other carriers. surfered Friday #2

Call your agent sarisataka Friday #3

When I left Florida my home insurance was $7000 Ritabert Friday #4

I left So Fla in 2020, 3/2 under 2k sq ft and insurance with citizens was about $3,000. 6 miles from the Atlantic mitch96 Friday #7

We were 9 feet above sea level too. Ritabert Saturday #14

It doesnt do any good. And here isxwhat happened to one elderly woman who called ask leftyladyfrommo Friday #5

self insure SonOfNebanaube Friday #6

How do you self insure when you have a mortgage? hamsterjill Friday #8

If you owe less than a certain percentage of your homes value Old Crank Friday #10

I thought that applied to mortgage insurance ("PMI"); not homeowners insurance. hamsterjill Friday #12

I believe homeowners Old Crank Saturday #13

📌 Article: Does your credit score affect home insurance rates? littlemissmartypants Friday #9

You might want to switch insurance providers. waterwatcher123 Friday #11