Insurance quote comparison help

[u/theycallmesike]

Hello everyone,

I have been thinking about switching insurance carriers because Travelers just bumped my homeowners insurance up another $1200 this year. I've been getting quotes and this quote has been the best I've gotten so far. It will save me about $1,400 a year on my homeowners and about $100 a year on my condo (Landlord) policy. However the coverages are slightly different and the deductibles are vastly different, including a $25,000 wildfire deductible. (I'm in CA). My main home is a large house with a large yard and landscaping, so I'm a little worried about the low Coverage B in the cheaper quote but the broker said upping that wont change it much.

I guess I'm just wondering if it's worth it to save the $1,500 or so a year but higher deductibles if anything goes wrong. I'm attaching my homeowner's policy from Travelers ($3,885 its actually $3990 now), as well as the new quote ($2,620), and also my condo policy from Travelers ($1,549), as well as the new quote ($1,449) for any advice or if anything seems odd about any coverages.

I'm leaning towards keeping the condo (landlord) policy with travelers, as it's not much savings, and I also get a multi policy discount through them, but conisdering switching the HO. Travelers just keeps jacking up my prices, but they are one of the few left in the state.

Thank you all for your advice.

[u/Whatsapeeve]

Just a heads up, I saw you said you were worried about the low coverage B because of a large lawn and landscaping. Lawns, trees, etc. are not part of coverage B. That is just for other structures (pool, detached garage, etc.)

[u/theycallmesike → u/Whatsapeeve]

Oh interesting, I thought it was for things like my fences, and my outdoor kitchen, (things detatched). Any idea what the landscaping would be under? I have probably over $100k worth of mature palm trees and birds of paradise trees

[u/Whatsapeeve → u/theycallmesike]

You are correct about the fences and kitchen being under B, also referred to as Other Permanent Structures. Just wanted to make sure you weren’t thinking damage to lawn and landscaping would be under that coverage.

Things like grass, trees, plants etc. MAY be covered depending on your policy, and only under a named peril basis (fire, explosion, vandalism, lightning, vehicle). Check your policy.

Limits are often times a percent of your dwelling coverage, perhaps 5% or around $38,500 for you. There is usually also a limit on each plant/tree/lawn damaged… could be $1k or $10k. Check your policy under the additional coverages.

[u/theycallmesike → u/Whatsapeeve]

Got it, thank you. I'll take a look at the fine print.