Annual Insurance Premiums

Since I bought my condo in September 4 years ago... September is our Insurance month and we pay our annual Homeowners and Earthquake Insurance Policies.

What's pretty neat is that our Homeowners insurance policy just dropped $24.00

Earthquake Insurance Breakdown: $187.00

• Building Property: $25k with a $3,750 deductible
• Personal Property: $25k with a $750 deductible
• Loss of Use: $10k (no deductible)
• Loss Assessment: $25k with a $3,750 deductible.

Homeowners Insurance Breakdown: $297.00

• Building Property: $26,200 with a $500 deductible  
• Personal Property: $26,200 with a $500 deductible  
• Loss of Use: Actual Loss Sustained with a $500 deductible  
• Loss Assessment: $10k with a $500 deductible 
• Personal liability $300,000
• Damage to Property of others $500
• Medical Payments to others (per person) $1,000 

*We get a $8 discount for Home Alert, $47 discount for having our Auto Insurance with them, $35 discount for being claim free *

As most of you know, South County Boy and I treat all of our annual and semiannual bills like monthly bills and put aside what it would cost us to pay these bills each month it in a separate savings account so we don’t get "sticker shock" when the bills come in. 

Since we have replaced Wanda with Sally, (who now has comp and collision insurance on her, the $24.00 savings will be eaten up with her slightly high insurance fees).  

Here’s the price break down:

Earthquake- $187 a year ($15.58 a month)
Homeowners- $297 a year ($24.75 a month)
SCB’s Car- $251 every 6 months ($41.84 a month)
SCG’s Car- $362.51 every 6 months ($60.42 a month)

 So we'll put $143.00 into savings each month instead of $129.00 and not have to worry when the bills come in.