[masraum]

Our ins co is pulling out of the state, so we have to get new home ins. Our brokers have shopped around and sent us a bunch of quotes. The cheapest quote is about a third more than our current insurance, and the most expensive quote is over 260% as much as our current ins. Last year, we paid $3300. Our quotes are roughly $4200, 5000, 5500, and 8700.

What we've been told is that ins actuaries in TX were doing a lousy job, and now that has been fixed which is causing huge increases in coverage across the board.

One or two of the quotes are for actual cash value which depreciates items so that the insurance covers less. Our home is ~100 years old. Most of the plumbing, electrical, and HVAC are almost 35 years old. I don't really have any idea how old the roof is, but my guess is that it's 15-35 years old.

Getting ACV insurance seems like a great way for us to have insurance that won't really cover anything for me.

What's the point of ACV insurance other than maybe to get slightly cheaper ins?