Insurance

[bren]

Originally Posted by ff

The really old ones still are. As far as I can tell, the new ones aren't so much of a target.

Even thieves don't like the new Hondas.


Actually, keyless-entry on newer cars in general is causing a major up-tick in carjacking rather than simple theft.

[ff]

Originally Posted by bren

Even thieves don't like the new Hondas.

[wdc330i]

Originally Posted by rumatt

Has anyone ever considered earthquake and flood insurance, for those not in a risk zone?

I imagine the chance of my house being destroyed by an earthquake is zero... but WTF would I do if it were to happen? Pay the mortgage for the next 25 years on a house that doesn't exist?

Isn't this what insurance is supposed to be for? To protect me from rare, crippling events?

So, it's not crazy to think about these things. Sewer back up insurance should probably be first thing on the list.

But, back in 2011, we owned two houses 80 miles apart from each other with no earthquake insurance in an area with seemingly no/super-low risk factors.
Then this happened: https://www.smithsonianmag.com/smart...011-180959019/

DC had a 5.8 earthquake and both of my houses were within 70 miles of the epicenter. Fortunately neither sustained any damage that I knew about. But, is past prologue?

My house built with typical wood framing swayed enough that our Ikea bookshelves on the top (third floor) chucked some shelves and books.

I thought at the time, "Hey, great, my weekend house is made of light-gauge steel framing. Surely, that's even stronger/better."

Then, I learned that the rivet patterns or whatever were conventional construction wisdom PRIOR to the Northridge earthquake in California. Those joints failed in great number then and new code was written to address the issues.

But, whew, that house seemed OK too.

I didn't get the earthquake insurance afterward. But maybe I should have. And then we moved. Who knows what the likelihood is here. But now you're gonna make me look.

[clyde]

Originally Posted by wdc330i

These numbers are causing me to double check our new umbrella liability policy to make sure there is no scary gap.

Originally Posted by wdc330i

Umbrella policy. But I am going to read the fine print on that one.

Umbrella policies usually require carrying minimum levels of coverage on your primary policies. As long you meet those minimums, there shouldn't be any gaps.

Our umbrella carrier has us send them our declarations once (twice?) a year.

[Theo]

I have had GEICO for many many years. I had USAA in the past when I was still eligible from an ex.

At my age on a 15yo BMW I still pay $1300 a year.

[lip277]

I have Encompass for all the regular cars (and house, boat, trailer... umbrella)

This is what my rates are... with full coverage (250k/500k) and $100 comp / $ 500 coll deductibles

Yukon - $410
F250 - $490
740iL - $520
911 - $580
Esc - $570

From there, the total bill is pretty decent, but not 'per car' as such (compared to what I see others here saying)

[rumatt]

Originally Posted by wdc330i

So, it's not crazy to think about these things. Sewer back up insurance should probably be first thing on the list.

Good lord, that isn't covered either? Kill me now.

[rumatt]

Originally Posted by lip277

This is what my rates are... with full coverage (250k/500k) and $100 comp / $ 500 coll deductibles

Yukon - $410
F250 - $490
740iL - $520
911 - $580
Esc - $570

Is that for 6 or 12 months?

[ff]

Originally Posted by rumatt

Good lord, that isn't covered either? Kill me now.

It's much easier to just rent, and not have to worry about such things.

[rumatt]

Renting has its own world of misery. But it's certainly the right choice in many situations.