Previous Thread
Next Thread
Print Thread
Home Insurance, Am I getting ripped off? #251486
10/02/07 07:42 AM
10/02/07 07:42 AM
Joined: Sep 2007
Posts: 24
Safaristar Offline OP
Safaristar  Offline OP
Hello all.
In San Pedro (not on the beach)I'm paying $2,400BZ/year for $300,000BZ home insurance (not including personal property, just the structure). It's a concrete home. That works out to $800BZ per $100KBZ insurance. Yes, it includes hurricane coverage, But that still seems high to me. Anybody else care to share what they are paying? Can anybody recommend good companies? Preferably one they have filed a claim with?

Re: Home Insurance, Am I getting ripped off? [Re: Safaristar] #251487
10/02/07 08:11 AM
10/02/07 08:11 AM
Joined: Sep 2007
Posts: 26
right here
Sunny Day Offline
Sunny Day  Offline
RF & G is the best company in Belize. I know many people who have successfully filed claims with them. They have the financial capacity to pay and run the company well. Their policies are quite comprehensive, and they don't have the kind of escape clauses that caused the Katrina victims so much grief.
$8 per $1,000 is a good rate for here.
A wood house on the beach is $24-27 per $1,000.
You are not being ripped off if you are working with a company that actually pays a claim. Read the policy, as you may have made some assumptions based on previous experience that do not apply here. The biggest issue is under-insuring - if you do that and submit a claim you can have major problems.
If you have questions about policies with R F & G, call Wilfred at the home office in Belize City. He's in management and is both intelligent and helpful.

Re: Home Insurance, Am I getting ripped off? [Re: Sunny Day] #251496
10/02/07 10:03 AM
10/02/07 10:03 AM
Joined: May 2000
Posts: 7,018
San Pedro Town, Ambergris Caye...
Amanda Syme Offline

Amanda Syme  Offline
Your rate sound right. Usually if your building is concrete the rate is in the region of 1% of the value.

RF & G is the firm I would feel most comfortable with. I have filed a claim with them and received funds in less than a week.

Portofino Resort- Now with a new BEACH BAR!!
Click for excellent scuba lessons with Elbert Greer!
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
Maruba Beach Klub and Spa is the premiere Secret Beach spa and restaurant located on the crystal blue waters of the Caribbean Sea at the center of Secret Beach, Belize
First Class Accommodations for the Budget Traveler
First Class Accommodations for the Budget Traveler

Things to do
Specials & Events
SPTB Calendar of Events

Daily News
Daily Weather

Classified Ads
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Love FM
The Reporter
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites
To Get Your Questions Answered

Event Guides
Event Calendar
Specials & Events
Things to Do
Cayo Event Calendar

San Pedro Scoop!
Tia Chocolate
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Belize Happy Adventures
Conch Creative
Caribbean Culture & Lifestyle
More Blogs...
Search thousands of Belizean-only websites
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We handle all aspects of the purchase of your Real Estate in Belize. From in depth property searches to your final closing.
Click for Ian Anderson's Caves Branch, Welcome to a World of Adventure
Lil Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
ShoutChat Box
Who's Online Now
0 registered members (), 105 guests, and 0 spiders.
Key: Admin, Global Mod, Mod
Forum Statistics
Most Online7,413
Nov 7th, 2021 HELP! Visitor Center Goods & Services San Pedro Town Message Board Lodging Diving Fishing Things to Do History Maps Phonebook Belize Business Directory Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.

Powered by UBB.threads™ PHP Forum Software 7.7.1