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Another Lowered Bill...

October 29th, 2007 at 07:15 pm

2007 has been VERY good to me. Our water bill has gone down, our car insurance went down. Our cable is going down. On and on and on. Not to mention all the stuff we worked on getting down (all the stuff mentioned above just went down with no action on our part!!!).

Anyway, add home insurance to the list!!! Just got the bill and it went down $200 over last year. I expected much more. (Obviously this was billed before all the wild fire claims and such too. State Farm sent a letter how they lowered premiums to better reflect claims. Yes, we should brace ourselves for NEXT year. Can't say they'll say the same after a year like this in California).

But anyway, not only that but the premium would be lowered additional $100 if we would take a deductible of $2k.

Um, $2k? Like the same deductible I have on my car that is worth 1/50 as much or something? Okay then. Big Grin I think we can swing it. Wink

So I am happy that while I expected my bill to be inflated, it went down $300.

The other thing is we finally got around to raising our coverage last year to reflect increased construction costs (they had about doubled in 5 years). Anyway, last year was about the peak. With the reduced premiums I will just ride it out for now. But I think it is another strategy I can try next year to lower the premiums (particularly if they rise). In this economy construction costs have to be going down. Well, you would think. We'll see next year...

We got our mortgage locked in, and property taxes are controlled pretty darn well out here (orelse no one could afford to live out here if they reflected home values). BUT insurance has been another thing.

The irony is we still pay less to insure 2600 square feet than we used to insure a 1300 sf condo in the Bay. (Just covered the inside of the condo as the outside - walls and roof and all - were insured by the association). So it is hard to get too upset about any of our housing costs having come from that insanity. Certainly not the worst deal - but I am glad for a break.

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