Name:   Lifer - Subject:   One way to reduce Date:   10/19/2016 12:39:42 PM

When I first bought my lake house and got an insurance quote I was shocked. Most of us suffer due to lack of adequate fire protection also. The mistake I xmade was giving the insurance company the total appraised value. Then it dawned on me that almost half the value was the lot. So I gave them just value of the structures without the price of the lot.  Of course it cut premiums about in half. I realized I had no need to insure dirt.  The chances of anything Destroying the lot is miniscule. On off water homes the lot price is usually a fraction  of the total value so it is not such an issue.

Don't expect your agent to suggest this plan for obvious reasons. Hope this helps some of you guys save a dollar or two.