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Friday, October 11, 2024
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Here’s my quandary when it comes to homeowner’s insurance

By Letters to the Editor
Comments

To the Editor:

I bought my home in The Villages for $160,000. It is now worth $475,000. That is $26,000 in appreciation every year.
Recently got my new homeowner’s bill and it went to $8,000 including auto. Someone said I should sell house to a relative and lease it back. If Idid that over 10 years, I would save $40,000 in homeowner’s insurance costs, but I would lose $220,000 in appreciation.

Charless Swofford
Village of Belle Aire

 

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