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Old 12-02-2010, 11:55 AM   #9
smoothmoniker
to live and die in LA
 
Join Date: Feb 2003
Location: Los Angeles
Posts: 2,090
We went through a similar decision process with Earthquake insurance. The premiums and the deductible were so high that the break-point between cost of insurance and cost to rebuild without insurance was about 10-years. If we go 11 years without an earthquake, we will have paid more in premiums than we would get back in payout if the house ever goes down.
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to live and die in LA
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