In Arizona, I received quotes for Home insurance.
Regarding ONLY Coverage A (dwelling replacement):
Farmers will pay up to $339k, costing me $483,
State Farm will pay up to $270k, costing me $1159.
Thus, State Farm offers a Lot LESS coverage for a Lot MORE $.
Of course, both State Farm and Farmers have their actuarial tables
that dictate the cost of building a house in this zip code.
Those tables CANNOT be so Very different.
WHY does that one line item Vary so much from different insurance providers?
Thanks.
Mark2365
Regarding ONLY Coverage A (dwelling replacement):
Farmers will pay up to $339k, costing me $483,
State Farm will pay up to $270k, costing me $1159.
Thus, State Farm offers a Lot LESS coverage for a Lot MORE $.
Of course, both State Farm and Farmers have their actuarial tables
that dictate the cost of building a house in this zip code.
Those tables CANNOT be so Very different.
WHY does that one line item Vary so much from different insurance providers?
Thanks.
Mark2365