Our offer of $375,000 got accepted a few days ago and we are trying to get insurance quotes, however the house is in a very small unincorporated community with apparent high wildfire danger, so no insurance companies will touch it. We have gotten quotes saying it can be covered under a FAIR plan, but the premiums are around $8,000 a year. One of them even had a $22,000 deductible.
Is $8K a year way too much to spend on insurance for a $375K house? We are thinking this might be a deal breaker.
Submitted November 30, 2021 at 11:03PM by aventale https://ift.tt/3En2ssc
