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The Incredible Cost of Insuring Mitt Romney

the Incredible COST OF INSURING MITT ROMNEY valued at $10 million WOLFEBORO, NH Romney's vacation estate includes 5,400 square foot main house that has 6 bedrooms, a boat house, and a horse stable. Insurance costs don't take into account any boats or horses the Republican presidential candidate may own. COST TO INSURE: $24,000 per year purchased for $12 million COST TO INSURE: LA JOLLA, CA $23,000 per year Romney currently has plans to renovate this 3 bedroom, 4 bath home on the coast of La Jolla, CA, nearly quadrupling its size from 3,009 square feet to over 11,000 square feet. When he does so, he can expect his home insurance costs to increase significantly. purchased for $895,000 BELMONT, MA COST TO INSURE: The least substantial of Romney's residences, this 2,100 square foot townhome located in Belmont, MA is far and away his cheapest prop- erty to insure. This home is cur- rently listed as Romney's primary residence. $3,800 per year VEHICLE DETAILS: 2005 Ford Mustang GT COST TO INSURE: 2002 Chevrolet Silverado 2007 Cadillac SRX $3,900 per year 2010 Cadillac SRX * total estimated -1962 Nash Rambler American ** The Romneys have two sets of vehicles -- one located at their La Jolla, CA home and the other kept at their East Coast properties. TOTAL ESTIMATED Home insurance costs: $50,800 per year Car insurance costs: $3,900 per year Total Insurance costs: $54,700 per year FOR COMPARISON: Romney insurance costs: $4,558* US median wage-earner salary: $2,197* Median US mortgage payment: $1,295* Average US home insurance payment: $67* *per month 63 Mitt Romney could insure 63 US homes for the average estimated cost he pays for his home insurance. HOMEINSURANCE.COM IFORMATION SOURCES - - - - DISCLAIMER The insurance rates listed in this infographic are estimated totals based on publicly available information about Mitt Romney's real estate and automobile holdings and are for entertainment purposes only. assumes no liability for any use or interpretation of the information contained herein. 2012

The Incredible Cost of Insuring Mitt Romney

shared by hicom on Oct 31
Think Mitt Romney understands the average Joe's needs in this economic climate? You may think again after realizing how much Romney pays to insure his homes and cars in comparison to what the average ...


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