How much would home insurance on a 650k house in Chicago cost?

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rec7
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How much would home insurance on a 650k house in Chicago cost?

Post by rec7 » Thu May 21, 2015 6:19 pm

How much would home insurance on a 650k house in Chicago cost? Any Chicago folks here?
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cheese_breath
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Re: How much would home insurance on a 650k house in Chicago cost?

Post by cheese_breath » Thu May 21, 2015 6:24 pm

i'm not from Chicago, but I know the insurance price would depend on which part of the city the home is located. Can you be more specific for our Chicago friends?
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rec7
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Re: How much would home insurance on a 650k house in Chicago cost?

Post by rec7 » Thu May 21, 2015 6:25 pm

Park Ridge
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rec7
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Re: How much would home insurance on a 650k house in Chicago cost?

Post by rec7 » Thu May 21, 2015 10:27 pm

Any Chicago folks out there tonight?
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rayout
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Re: How much would home insurance on a 650k house in Chicago cost?

Post by rayout » Thu May 21, 2015 10:38 pm

Get some quotes from insurers.

I am in the north suburbs and pay $1K/year on a home with reconstruction value of ~$500K.

aude
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Re: How much would home insurance on a 650k house in Chicago cost?

Post by aude » Thu May 21, 2015 10:44 pm

Depends on a number of factors but I am in a nearby town and pay 1200 per year for a pricier house. Check out Liberty Mutual. They are buying business here!

adamthesmythe
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Re: How much would home insurance on a 650k house in Chicago cost?

Post by adamthesmythe » Fri May 22, 2015 7:06 am

There is no reason to guess. If you need to know (as in, you are thinking of buying) then ask an insurance agent.

If you need to make an offer in a hurry- put in an insurance contingency for no more than X$.

aude
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Re: How much would home insurance on a 650k house in Chicago cost?

Post by aude » Fri May 22, 2015 8:50 am

Insurance contingency is not market here and a good way to kill the deal. I'd call GEICO and have them search the 15 or so homeowners insurers that they rep. Pick one and then you can always switch after closing.

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