Quote:
Originally Posted by Hakkaboy
how come everyone is paying so much for insurance?
I'm paying ~$600 for a TH and the 10% EQ insurance only added about $35 to it.
Is it that big of a jump to a detached house?
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My condo insurance costs $800 up to now
- earthquake coverage was $45
- increase liability limit to 2 mil was $30
- extra roof leak coverage was $35
- increasing strata deductible coverage from base $25k to $50k was $150
The kicker is I still need to buy extra coverage for the strata deductible because it’s $250k. BCAA max coverage is $100k so I need to find another insurer to top off the extra $150k.