I’m not understanding all your logic but I would be very careful about assuming you can forgo some home insurance coverage just because you have an umbrella policy. I am not sure those policies overlap in the way it seems like you assume they do.
Around $1000 is quite cheap for my area. If you want to reduce cost further you can try upping your deductible. Mortgage lenders will require home insurance but the deductible they require varies. Mine requires deductible to be no higher than 5% of the insured value. You can ask your mortgage company what their max is and then see what the various insurance companies will allow.
Around $1000 is quite cheap for my area. If you want to reduce cost further you can try upping your deductible. Mortgage lenders will require home insurance but the deductible they require varies. Mine requires deductible to be no higher than 5% of the insured value. You can ask your mortgage company what their max is and then see what the various insurance companies will allow.
Statistics: Posted by JohnSlackIV — Sat Mar 30, 2024 10:55 pm — Replies 1 — Views 275