🔥 Insurance Costs Could BANKRUPT Phoenix Homeowners 🔥

Рет қаралды 1,668

5 ай бұрын

Homeowners insurance is an ever-changing beast, but the most recent changes and cost increases have caught many off guard. We are going to talk about all the costs, and what you need to be paying attention to as a homeowner as well as a home buyer that could cause problems. We will share real-life stories, and provide expert tips for managing and reducing insurance expenses. This is affecting everyone, so don't miss it!
#InsuranceCostsPhoenix #Homeownership #movetophoenix #InsuranceCostsPhoenix

Пікірлер: 40

@vivianlandrum8507 2 ай бұрын

Watching from Phoenix.

@tommytomtomt 3 ай бұрын

As of a couple months ago I was getting quotes on Arizona houses for 900 to 1200. A year... I've haven't heard of any crisis here in Arizona.

@shawn.shackelton 3 ай бұрын

My personal home owners insurance has gone up this year significantly and we've never made a claim. Most of my clients are experiencing the same thing and every insurance agent I have talked to have said the quotes they have been getting have also been much higher...

@kathygann7632 Ай бұрын

My kids have electric cars which are great-for them. They have a family, and second cars so they don’t take long trips using the electric car.

@kathygann7632 Ай бұрын

I wish I had had a husband who noticed the small things. Following him around waslike following PigPen

@kmnichol1 5 ай бұрын

Great segment, very valuable information.

@shawn.shackelton 5 ай бұрын

Glad you enjoyed it!

@famousamos1 Ай бұрын

You provided some great information but you also forget that property taxes have increased a lot too because the property valuation increased a lot. If you have a mortgage escrow that covers property taxes and home insurance they usually carry at least a 2 month average cost in escrow. So one thing you can do is ask your mortgage to remove your escrow if you have more than 20% equity. But then you are going to have to pay the property taxes and home insurance where you can personally create your own escrow account for it.

@famousamos1 Ай бұрын

Home warranties are also only for people that don’t have emergency savings to pay for repair of appliances or A/C. A home warranty is basically prepaying for a potential high expense if something breaks. For example if a home warranty cost $800/yr and you need to replace a water heater that cost $800-$1,000. Or if an A/C needs to be replaced which can cost $10k-$12k basically it would take 12 years of saving $800/yr. Otherwise home warranties or any extended warranties are really just a forced emergency account. Home warranties don’t necessarily have to replace your broken down appliance or A/C unit with a new one. They just have to fix it to keep it working!

@solomonknew1117 2 ай бұрын

You both did an excellent job of informing us on a lot subjects. I live in Prescott with a metal roof and am never moving. USAA has not raised our rates.

@shawn.shackelton 2 ай бұрын

Thanks for watching! Glad you found it helpful

@edwardmoran1739 Ай бұрын

Excellent video, thank you

@carlgjr4434 Ай бұрын

Louisville, KY

@famousamos1 Ай бұрын

Morgan at Farmers sounds like a great agent! I’ve dealt with agents at Farmers & State Farm and they never provide me advice on the right coverage for home or auto. They normally just run the numbers on the average cost to replace your home or auto. I’ve dealt with direct insurance companies such as Geico, Fireman’s, and Progressive which they too don’t provide advice on coverage amounts. You could’ve made a big mistake on adjusting your home insurance coverage just to lower your premiums. For example let’s say you changed your deductible from $1k to $5k just to save $200/yr off your annual premium. Do you really have $4k if you have a claim to pay the deductible just to save $200/yr??

@kathygann7632 Ай бұрын

Bellingham, WA

@shawn.shackelton 29 күн бұрын

Thanks for watching

@ericksonsails Ай бұрын

Shawn, please let us know if you get a discount after notifying your insurance about your new roof. Very interesting.

@shawn.shackelton Ай бұрын

From what I've been told you won't get a discount but should you need to make a claim on it you won't have big issues because they know it's new.

@karrierue7601 Ай бұрын

Very informative. Thank you!

@shawn.shackelton Ай бұрын

Glad it was helpful!

@imsj1872 Ай бұрын

hi. From Mesa Az

@Jacqueline_Smith 5 ай бұрын

Great info Shawn!

@shawn.shackelton 5 ай бұрын

Thanks for watching!

@lucyhernandez3166 Ай бұрын

We are from Goodyear, AZ my daughter is going to move here from California is this a better year to move? Or it’s better to wait till next year? We like your channel is very interesting lot’s information thanks.