3 hours ago, bulreddy said:

nuvvu manchodivi anna. 

 

dallas la atla em leru.. 

How is it possible anna. Anta.com kakunda realistic ga cheppu. 

2 hours ago, CanadianMalodu said:

Neekmi telusu, andhuke 16 yendla old Dodge truck vadukuntunna. Andhulo 4 yendlu insurance lekunda drive chesa. Migitha time liability kadatha anthe.

 

Insurance lekunda drive cheyatam very risky anna. Cops dorikithe danger no. 

Only liability manam drive cheste okay, mana aaada ladies driving ante full coverage pettukovalsinde. 

2 hours ago, krishnaaa said:

For a car, when you take comprehensive coverage, you will have 1000-2000$ as deductible. In real world if it goes 500 or 1000$ above that, you still not claim insurance as it will cause a spike.

So you basically need insurance if it is 2500$ and up. This is usually when you get into a bigger accident.

Let's say you have a 20000$ car(current market value). You are risking 17000$(2500$ +500$ if car gets scrapped). And this is the worst case scenario. This is the major source of fear. Go ahead and buy insurance if you are an inexperienced driver. 

But if you are a decent driver, what are the chances of that happening?

Chance of getting into an accident is 1 in 17 in a year. If you are not a teenager and don't regularly drive during night and have atleast 3-5years of driving history and don't drive commercially and recklessly, it drops to 1 in 40.

If you drive defensively it drops further, but let's still consider 1 in 40.

When you get into an accident, car getting totalled is 27% chance......so 1 in 40 drops down to 1 in 148 which is 0.675%

So all this worry is about a 0.675% chance. There might be a case when car isn't totalled but you get 5-10000$ repair bill. So let's round it to 1% chance.

And don't forget that your car will keep on depreciating throughout the year and for every mile you drive.

For this if you pay 300$ extra every 6 months , it doesn't make sense.

For me I shop around and my insurance is around 300$ for 6 months including collision and comprehensive  and my car is worth more than 20k$. If it gets increased to 450$ , I won't cover my car. I will buy a cheap car if I don't have my car insured and don't have 20k lying around. Simple. 

Renting also helps with this equation. When you rent, you are typically closer to office....less miles on the car....less time waste....lesser car depreciation.....less stress during driving....lesser chance of getting into an accident.

Most of us are in IT and its not devastating if car gets totalled...but can't do the same with a house.

But if you are ultra high networth, you can do the same with a house as well. Its all about risk tolerance.

Jeevithanni baga chadivesav anna nuvvu. 

22 minutes ago, FrustratedVuncle said:

How is it possible anna. Anta.com kakunda realistic ga cheppu. 

recenta ga, oka 1-2 years back little elm lo hails paddayi, aa area lo mana desi home owner evvadaina cheptademo.

 

no Anta.com bro. 

5 hours ago, FrustratedVuncle said:

2500sqft home ki $2500 10garu last year ipudu renewal ki $4500 ata. 

Orey insurance lunch vodkas janalu bathalaka savala ra. Thats 1% of home price almost. And Hail & Wind damage deductible 5% ata i.e $25000 deductible.

WTF myan. 

Ipudu Dallas lo Home konali ante yearly maintenance is 2.5% property tax + 1% insurance= 3.5%

700k home konnodu, 24,500 only property tax and insurance ke potundi, ika 7% interest rate meda EMI nakko pooch.

multiple insurances daggara quotes teskunna andaru same 10gulu. 

 

Itla oka 200k job vachindo ledo, next second allaluya, I want 2M home in a place like Dallas ante theggadhu, atlane untadhi emo.

Especially in Dallas (unlike NJ or bay area) where there is plenty supply and decent homes are available for much less 😂😂😂

My 0.5 cent advise (although aap Maalik hai practically) is that you learn the game of risk, pay bare minimum for insurance and DIY tho secure everything the Indian way (harder materials) etc. 

Try Costco connect for home and auto insurance .. I got quote for $1179 for my house 

33 minutes ago, perugu_vada said:

Try Costco connect for home and auto insurance .. I got quote for $1179 for my house 

How are home prices in Austin areas bro?Are they dropping.I think in one of your earlier posts you mentioned that you bought home in Austin area bro

23 minutes ago, dreamchaser said:

How are home prices in Austin areas bro?Are they dropping.I think in one of your earlier posts you mentioned that you bought home in Austin area bro

Yes it is dropping here .. used aithe manchi deal ki kuda ostundi.. it is buyers market for sure 

7 hours ago, krishnaaa said:

And you are also free to move

Renting versus owning it's a big problem always it depends upon where you live if you live in a Metro renting is always better if you live in a small town buying is always better so it's a hard question to ask but in city like Dallas it's always better to rent rather than buy house

3 hours ago, perugu_vada said:

Try Costco connect for home and auto insurance .. I got quote for $1179 for my house 

nice bro thats very less ...Austin lo cheap aa ? coverage details enti ?

20 minutes ago, beerboy17 said:

nice bro thats very less ...Austin lo cheap aa ? coverage details enti ?

Dwelling 570k.. liability 300k.. deductible 1% 

12 hours ago, Kootami said:

Manollu em takkuva kadu vayya ...hail damage ki insurance folks are over charging and giving owners 10k in kick backs.

 

Ma neighborhood uncools andaru alane roof replace cheyincharu .andariki insuramce lu periginaye...loll

Chinna hail damage ki roof replace chestha ani offers istaru , roof replace chepinchaka insurance perugutadi ani desi alochinchatle. Monna ma home ki windy valla shingles pothey roofing chepinchuko annadu $400 ki patches kottincha

8 hours ago, FrustratedVuncle said:

How is it possible anna. Anta.com kakunda realistic ga cheppu. 

Basic ga roofers ye ekkuvaki quote chestaru, they get it done for less than half the price. Owner deductible back ichestaru. 

13 hours ago, FrustratedVuncle said:

2500sqft home ki $2500 10garu last year ipudu renewal ki $4500 ata. 

Orey insurance lunch vodkas janalu bathalaka savala ra. Thats 1% of home price almost. And Hail & Wind damage deductible 5% ata i.e $25000 deductible.

WTF myan. 

Ipudu Dallas lo Home konali ante yearly maintenance is 2.5% property tax + 1% insurance= 3.5%

700k home konnodu, 24,500 only property tax and insurance ke potundi, ika 7% interest rate meda EMI nakko pooch.

multiple insurances daggara quotes teskunna andaru same 10gulu. 

 

Tariffs Saku tho inko 500 badutaru next month nundi 

Tracy hills insurance expected to go up $10K-$15K because of recent high risk fire zone mapping by cal fire.

Na matta, $15K property tax, $10K insurance, and yearly maintanance cost  money could happily rent same house instead of purchasing. 
 

what is the logic of paying 7% interest rate to the bank, vudda balisi kakapothe, asking for a friend