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Rattlesnake Guy · 10-03-2007, 05:09 PM

Sounds like the lender is the problem for requiring you to have more insurance than you need. An island lot is usually worth least half of the property value. Hang in there, trust me that it will be worth the hassle when you get done.

We have used
Paul Turner
Liberty Insurance
Farmington NH 03835
603-755-3511

They used Phoenix Mutual

Some numbers if it helps.
We have a $1000 deductible
Dwelling $150K
Other Structures $15K
Personal Property $75K
Loss of use 30K

Personal Liability $500K
Medical $5K each

Annual premium under $500 bucks.

I never tried to get 100% of the retail value and my lender did not ask for it.

One step at a time. You can do it.

10-03-2007, 05:09 PM	#31
Rattlesnake Guy Senior Member Join Date: Sep 2004 Posts: 1,254 Thanks: 423 Thanked 366 Times in 175 Posts	Sounds like the lender is the problem for requiring you to have more insurance than you need. An island lot is usually worth least half of the property value. Hang in there, trust me that it will be worth the hassle when you get done. We have used Paul Turner Liberty Insurance Farmington NH 03835 603-755-3511 They used Phoenix Mutual Some numbers if it helps. We have a $1000 deductible Dwelling $150K Other Structures $15K Personal Property $75K Loss of use 30K Personal Liability $500K Medical $5K each Annual premium under $500 bucks. I never tried to get 100% of the retail value and my lender did not ask for it. One step at a time. You can do it.