I saw the thread on the hail storm and the water damage.When they are talking about a 500-1000 year storm it is a little crazy.

After the buyer had their home inspection, they demanded that the roof vents be replaced because there were small dents in them from hail.

So I guess this is a lot of info, but I'm thinking perhaps with a raised building and a decent elevation I might could just have fire/earthquake/wind/hail/liability coverage for $2,000 (or hopefully less when I shop it around) and save the $1,500 a year on that flood rate.

One thing beyond anyone's control on rates are losses,,in Texas we get bad hail storms from time to time, when they come through you start seeing new roofs going on,,if a storm hits a particular area you can see 30%+ of the homes on a street getting new roofs, and that usually means the same thing for that entire neighborhood.

I live in Georgetown and maintain my own properties.I already had the trashed unit from an angry tenant, hail damage, frozen pipe burst so you could say I have already had my bumps in the road !

Hello,I have a row house in Petworth, DC that I will be purchasing for $405k, looking at ARV of $675k, and wanted to know how much I should be paying for Builder's Risk Insurance and if these are adequate coverage.The quote I have so far are,Special Form CoverageReplacement Cost - $550,000$1,000,000 Premises Liability$5,000 All Other Perils Deductible/$7,500 Theft Peril Deductible$396.00 Monthly CostOrBasic Form CoverageRenovation ProjectReplacement Cost - $550,000$1,000,000 Premises Liability$5,000 All Other Perils Deductible$269.50 Monthly CostThe Basic coverage would cover; Fire; Lightning; Explosion (includes Sonic Boom and Water Hammer); Windstorm and Hail; Smoke; Aircraft and Vehicles; Riot or Civil Commotion; Volcanic Action; Sprinkler Leakage; Sinkhole Collapse; Vandalism/ Malicious Mischief.And Special would cover on top of Basic coverage;Falling Objects; Weight of Snow, Ice or Sleet; Water Damage; Collapse (Additional Coverage); Theft; Risk of Direct Physical Loss (subject to policy exclusions).Please provide your insight into whether this is adequate price/coverage.

At one point the leader of the group (a 19 year old) hails me "Hey suit!" 

Hello, I'm Shavonne, I'm new to the community and I hail from Washington D.C.

  $119k coverage - $1k deductible - 3% Wind/hail deductible.   

I too hail from Quincy.