Mine went up by $800 this year. Costs me nearly $3K...
I have $1500 deductible, but they just changed the wind and hail deductible to be a percentage of the repair. We got a new roof and gutters last year. I hope we don't have to touch it for a long time.
We had about 220k coverage on our house structure with 1k deductible. 150lk on contents replacement. The roof replacement is prorated over 20 years and it was replaced just a few years ago. So, all in all, we paid the 1k deductible plus $900 for the roof proration. $1900 out of our pocket, technically. (We actually used insurance money we had already received. ) Cost to rebuild the house structure, final bill, was $197k. Contents coverage, replacement value, came to $144k on top of the structure cost.
There’s 2 different types of contents coverage.
Regular and Replacement coverage. You want the second one. TV’s depreciate over 5 years. They won’t pay anything if it 5 years or older. Refrigerators depreciate over 10 years so they won’t pay anything on a 10 year old fridge.
We had replacement value on our contents. Insurance paid for replacing 3 refrigerators, a freezer, a kitchen stove, living room furniture, television, surround sound system plus all the little stuff we had collected over 45 years of marriage.
We had contacted our insurance agent before the fire department had left the scene. Within 2hrs they deposited $5k into our account so we could get clothes, food and other stuff we needed right then. Red Cross deposited $500 to us. My employer at the time Fedxd a $500 Walmart gift card to us.
We were very blessed. But the real blessing came from my friends here.
