President Obama pays roughly $120 per month to insure his Ford Escape Hybrid–not factoring in a hybrid vehicle discount.
But how much would President Obama pay for homeowners insurance? As it just so happens, quite a bit.
According to some estimates, the price tag for the White House tops $100 million, a fair bit more than a run-of-the-mill Washington D.C. household. The cost to cover a home that pricey would be outrageous, even for two Harvard graduates.
But the real kicker is Liability coverage. Even adding a new pool to your home can necessitate an increase in liability coverage, so imagine how much liability coverage would be needed to cover visits from international media and foreign leaders? Too much to fathom!
On the bright side, President Obama can save on Homeowners Insurance by landing a multi-policy discount by insuring the White House on the same policy as his Ford Escape Hybrid. This could save him up to 15% on both premiums
But wait a second–maybe the White House needs Renters Insurance. After all, the President doesn’t own the White House, right?
According to the Insurance Information Institute, the average cost of a Renter’s Insurance policy is roughly $20 per month. However, something tells me the White House may need a bit more coverage than your everyday rental property.
Good luck finding a Renters Insurance policy that covers a $100 million home, Mr. President.
Even if you don’t live in the white house Duncan Financial Group can find a policy that fits you and your needs. We are an independent insurance agency so we can customize multiple packages just for you!
As seen on insweb