[Poll] How much insurance do you have on your e-ring?

[Dancing Fire]

If annual insurance is over 5% of replacement value I would probably self insure. But in my location annual insurance is usually under 2% of replacement value so I see no reason to self insure.

Interesting. My current premium is about 3% of replacement value. If I decrease the coverage to current replacement value the premium drops to 2% of replacement value. That means I'll pay for the ring again in 50 years!

Dreamer_D it sounds like you are paying 1%, which seems much more reasonable. I already have a $500 deductible.

The percent you pay is likely related to the value of your policy with higher value policies costing a lower percentage.

I just double checked and I pay 1.1% for insurance. My premium was a little higher than I thought.

1.1% sounds fair to me.i was quoted 2.75%..

 

[chrono]

Self insured (which sounds better than not insured ).

 

[Dreamer_D]

If annual insurance is over 5% of replacement value I would probably self insure. But in my location annual insurance is usually under 2% of replacement value so I see no reason to self insure.

Interesting. My current premium is about 3% of replacement value. If I decrease the coverage to current replacement value the premium drops to 2% of replacement value. That means I'll pay for the ring again in 50 years!

Dreamer_D it sounds like you are paying 1%, which seems much more reasonable. I already have a $500 deductible.

The percent you pay is likely related to the value of your policy with higher value policies costing a lower percentage.

I just double checked and I pay 1.1% for insurance. My premium was a little higher than I thought.

1.1% sounds fair to me.i was quoted 2.75%..

I must live in a much safer place than you DF

 

[Dancing Fire]

[quote="Dreamer_D|1346441694|

1.1% sounds fair to me.i was quoted 2.75%.. [/quote]

I must live in a much safer place than you DF [/quote]


true!!