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Hi, My wife and I are planning the big move to STX in the spring of 06. We are wondering about the cost of home owners insurance since our plans include opening a B&B. Does anyone have approx. cost of house insurance? Is hurricane insurance extra? If so, how much extra?
Mike
Kenosha WI.
Posted : July 5, 2005 2:08 pm
I pay $8000/year, a large part of which is for hurricane coverage. My home is solid masonry with hurricane shutters and a galvanized roof.
You should contact some local companies for quotes concerning businesses.
On STX try Guardian (692-6600) or Marshall Sterling (773-2170).
Posted : July 5, 2005 2:21 pm
Mike: I'd say you should contact an insurance agent. There is windstorm insurance and flood insurance on top of liability, etc. that you'll need for running a business.
Posted : July 5, 2005 5:10 pm
If you are over 50 check with AARP. We received a significantly lower rate on homeowner's insurance through them.
Posted : July 6, 2005 1:54 pm
I pay $1,200/year + $7K for the hurricane ryder. Keep in mind that Lloyd's of London will no longer insure a wooden home in the VI. (I don't know for 100% sure, as my home is concrete.)
Posted : July 7, 2005 5:38 pm
