Generic_Commenter-X t1_ivz24wr wrote on November 11, 2022 at 5:56 PM

Reply to comment by Real-Pierre-Delecto2 in Uninsured motorist crashed into neighbors house and fled the scene by orangekrush19

Yeah, it does sound like the homeowner was rolling the dice with a 25,000 deductible. That's possible, though, if you're living in a $600 Square/Foot house and don't want to pay the exorbitant rates insurance companies charge.

Real-Pierre-Delecto2 t1_ivz2kus wrote on November 11, 2022 at 5:59 PM

25,000 though I don't think that was anywhere near what was avail anytime I have gotten a plan maybe 5,000 at the upper limit. Maybe it's different in a million or more dollar house I have no clue just seems insanely high.

Generic_Commenter-X t1_ivz415t wrote on November 11, 2022 at 6:08 PM

It's complicated. I'm a builder, so when the insurance company asked me to estimate what it would cost to rebuild my house, I estimated three times the purchase price, mainly because it's so funky and so full of character that I knew the framing would be endless, and then the sheet rock, the finish work, yadda, yadda. I ended up with a 14,000 deductible. I was okay with that, being a builder. Figured I'd be the one to fix it anyways. After a couple years I began questioning the wisdom of my estimate and lowered the replacement cost considerably (they quit inspecting my house after that); but it's a game of roulette homeowners play with insurers and the house (meaning the insurance company) always wins. Home insurance doesn't cover flood damage. Flood damage, last I heard, doesn't cover damage to mechanicals in cellars (that's separate coverage). The ways they wiggle out of paying out should be effing illegal.

Real-Pierre-Delecto2 t1_ivz4vdy wrote on November 11, 2022 at 6:14 PM

14,000 still ouch lol At least that's what my broke ass says:) I will stick with the 500!

Keiths_skin_tag t1_iw0qu8t wrote on November 12, 2022 at 1:15 AM

Those are all endorsements that can be added to a policy. Any agent or broker worth anything will go over those with you. Problem is people either don’t want to listen or just look at price choosing the cheapest options. Then they’re the first to complain when some random event isn’t covered.