Received my annual policy renewal yesterday. $3100/year. My house is nothing special. Near Torrance high, 1,500 SF, not updated since built in 1998. Backyard is a few hundred sq feet of all concrete. House is worth less than $1M.
My insurance broker is a family friend who says cheaper policies are out there but the little coverage they provide isn’t worth the risk. He insists I shouldn’t settle for less coverage but I don’t understand insurance very well. Anyone out there in a similar home mind sharing what you pay each year? Would love to hear thoughts from some insurance gurus too if I’m lucky enough to catch the attention
u/Delicious-Shift-1847 — 9 days ago