Homeowner’s insurance is often considered the most important preparedness item you can’t afford. Not what you can’t afford to live without, but what you can’t afford, PERIOD. We do have a couple of tricks that will help you get good affordable homeowner’s insurance.
1.) Find a house that’s built using the latest building techniques designed to help it withstand hurricanes.
2.) Make sure it’s located somewhere in West Virginia.
Unfortunately, if your home is located in Florida, or any area along the coast that could be hit by a hurricane, your chances of getting affordable insurance is almost nil. After all, insurance companies are in business to get you to give them money, not to give you money in case your house happens to be damaged. If you do find insurance, the annual cost is likely to be roughly equal to the construction costs for a new home.