Quote:
Originally Posted by PeanutButter
We told them we had poly B and our insurance went up $130. Considering that, we decided to just get it replaced. No point in paying the premium.
Total was around $8,000, but we had other reno's we were doing as well, so i'm not sure what the cost would have been as we took down our ceiling, etc.
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Assuming the premium stays the same, thats 61 years of insurance, not to go through house renos, "just to save 130$ a year"
8000$ today invested at 5% over 61 years is 150k...
Then again, the value of your house went up and increased the buyer pool should you sell