Annual House Bills floating in...

It's September and that means at the end of the month I'll have been a homeowner for 2 years. It's crazy to think that I've had my condo for 2 years now...

Which means in a year from now the $8,000 first time home buyers credit will no longer haunt me and will never need to be paid back.

While I wait on that silver lining as I watch property values tank in my area still, September also brings something new to the mix.

We get all our housing annual bills in the mail.



Earthquake insurance policy 
Since we have a small condo, they don't let us get a lot of coverage because we can only insure our unit and a lot of the values are set on the type of property we have since its "joint use," but here are our specs:

• Building property set at $25,000.00 for a $3,750.00 Deductible
• Personal property set as 25,000.00 for a $750 Deductible
• Loss of Use $10,000.00 -- No Deductible 
• Loss Assessment set as $25,000.00 for a $3,750.00 Deductible

and we get stick paying $257.00 a year for it... but its better to have some coverage than nothing.

Homeowner's Insurance  

Coverages and Limits

• Building Property $25,700.00 
• Personal Property $25,700.00 
• Loss of Use:  Actual Loss
• Loss Assessment: $10,000.00 
• Personal Liability $300,000.00
• Damage to others property $500
• Medical Payments to others $1,000.00 (each person)

All for a $500.00 Deductible.

Its $335.00 (we save $10.00 for a home alert discount, $59.00 for having home and auto together, and $26 for being claim free)