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Non-FE Discussion Forum / Re: Not to be political, but a question about insurance rates
« on: September 03, 2024, 11:14:43 AM »
Expect to replace your water heater every 7~10, that's just how it is. The kind of water heater that lasted 24 years in our old house just doesn't seem to exist anymore. And - be careful about crowing about DIY and saving tons of money on the local social page. Lots of cities are requiring permits for this work, even DIY. There is a lot of hack work and so much unpermitted work causes cities a lot of grief and expense, so you can hardly blame them. I see it a lot here. The city did streamline the permit process so they try to make it as easy as possible.
And yea, we had to go house insurance shopping this year. The existing company - Hippo - went up and re-set the type of coverage. Basically, the adjustment for deterioration would have made replacing our $10K+ roof all our expense after about 10 years. Hail storm at year 11 - on you, buddy. Not gonna do it, wouldn't be prudent. I think State Farm wrote a decent policy and the only agent that responded to requests for quote is 400ish miles away, go figure. In Houston, where rates are way high thanks to repeated flooding and potential hurricane damage. Here, all we have to fret about is giant hail and tornadoes. My wife, who is from New Mexico, gently reminds me that "they don't have those problems in Albuquerque..."
There may be another shop build in my future LOL.
And yea, we had to go house insurance shopping this year. The existing company - Hippo - went up and re-set the type of coverage. Basically, the adjustment for deterioration would have made replacing our $10K+ roof all our expense after about 10 years. Hail storm at year 11 - on you, buddy. Not gonna do it, wouldn't be prudent. I think State Farm wrote a decent policy and the only agent that responded to requests for quote is 400ish miles away, go figure. In Houston, where rates are way high thanks to repeated flooding and potential hurricane damage. Here, all we have to fret about is giant hail and tornadoes. My wife, who is from New Mexico, gently reminds me that "they don't have those problems in Albuquerque..."
