SGIP wrote:
Lenders used to use a .3 rate for annual insurance, but most quotes came in at .15 to .20. Today, with major insurance companies leaving the state AND that this would be a rental, assume a .5 to .6 rate of coverage - all dependent upon the cost to rebuild and the size of the mortgage.
Has anyone yet experienced rate hikes?
Lenders used to use a .3 rate for annual insurance, but most quotes came in at .15 to .20. Today, with major insurance companies leaving the state AND that this would be a rental, assume a .5 to .6 rate of coverage - all dependent upon the cost to rebuild and the size of the mortgage.
Has anyone yet experienced rate hikes?