mozz wrote:For that price it should be insured for about $250,000. I don't think that is out of line, i was paying that with Allstate.
What kills me is that the insurance co. says that the replacement value is 180,000. I can buy a very nice house in this town for about 75,000 tops!
Insurance. The definition of LEGAL RACKET.
Not surprised SMITTY, I grew up in cassachusetts![/quote]
Insurance companies like to say that your house value is going up even if the house prices are falling down the drain. YOU tell THEM what you want it insured for!
If you're a vet, I highly recommend USAA for everything financial. I've been with them 48 years. I've had claims but all they ever did was say 'get it fixed and have the bill sent to us." Not quotes or other BS.
I get a yearly share of the profits plus a portion of my subscriber savings account (once you have 40 years with them) that pays for 6 months of car insurance for two cars.