Author Topic: FL Homeowners Insurance question  (Read 1091 times)


  • Pencil Stache
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FL Homeowners Insurance question
« on: November 13, 2014, 11:38:01 AM »
Hi folks,

For those who don't know, FL homeowners insurance is very expensive.  We pay ~$2400 for $220K of insurance.  We've got our highest deductible (which is just $2500) but we have a separate hurricane deductible.  Currently, it's at 2% (or $4.4K).  If we go up to 5% ($12.1K) we save $259 per year.  We've got plenty in our emergency fund, (~25K) but I'm not sure if it's worth taking on the risk.  If I did my math right, we'd come out ahead as long as we didn't have a claim within the next 16 years.

Any thoughts?