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Originally Posted by sweeps
If you're concerned about it, I would ask your homeowners insurance company how much the same coverage is (or if by chance you're already covered). $12/month seems very high to me.
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The problem with homeowner's insurance is the risk that if you file a claim, they'll cancel your coverage. We had 2 claims on this house in 2000 and 2003. After the 2nd claim, they discontinued our coverage. The limit is 2 claims in a 5-year period. I had quite a bit of difficulty finding a company willing to write us a new policy after that. So I'm VERY skeptical of homeowner's insurance companies. Since we are still within 5 years of the most recent claim, one more claim could make it impossible for us to get coverage. It isn't worth taking that chance if there is another way to go.