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Originally Posted by DaneMcCloud
My home owners insurance is $4,000 a year and Earthquake insurance is another $950. Most of the Hollywood Hills are considered "burn" areas, so it's far more expensive than the "lowlands". Earthquake insurance only covers the structure, not the property inside. The insurance companies learned their lesson after the Northridge earthquake of 1994.
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I don't know what the Hills and Lowlands are all about in LA talk, but hell, 4k a year is a drop in a hat for the price of yout guys' real estate prices.
Gotta love living in a city where a 2,000 house is easily obtainable for under 150k, and there are no hurricanes or earthquakes
Moooo