80th Street, Brooklyn NY – Comparison

Argo 2018-2021

Coverage Comparison

Building - $750,000
Personal Property - $150,000
Additional Living Expenses - $100,000
Sewer Backup - $25,000
Ordinance or Law - Included
Deductible - $2,500
Liability - $1,000,000
Medical Payments - $25,000

$5,296 Without Financing; $5,850.92 With Financing

$1,765 Per Year; $1,950.31 Per Year

vs.

2021-2024

Coverage Comparison

Building - $750,000
Personal Property - $150,000
Additional Living Expenses - $112,500
Sewer Backup - $25,000
Ordinance or Law - Included
Deductible - $2,500
Liability - $1,000,000
Medical Payments - $25,000

$5,487 Without Financing; $6,061.93 With Financing

$1,829 Per Year; $2,020.64

vs.

2021-2022

Coverage Comparison

Building - $814,600
Personal Property - $570,200
Additional Living Expenses - $162,900
Water Damage - Sublimit Included
Ordinance or Law - Included
Deductible - $2,500; Named Storm - $24,438
Liability - $500,000
Medical Payments - $5,000

$2,111

★★★★★

Ben,

I went to the following additional markets with results below…

NatGen – $5,384 Annually
Metlife – $4,942 Annually
Swyfft – $3,091 Annually
Velocity – $2,904 Annually
Kemper – $2,111 Annually

Argo; your incumbent market raised you almost nothing after more careful review. I would stay with a 3 year deal to protect yourself from increasing rates (as we are in an increasing rate environment). The only recommendation I have is for you to increase your Building Coverage to $1,000,000 as I am unsure if $750,000 is enough to rebuild from scratch. Also, due to water proximity, you might want to consider a Flood Proposal; that runs about $550 annually.