Real estate blog entries tagged with insurance value by Cameron Bagherpour ~ North Carolina Insurance (Cary & Raleigh, NC Insurance)

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Home : Blogs : Cameron Bagherpour ~ North Carolina Insurance : Cameron's Home & Auto Insurance Blog : Tag "insurance value"

insurance value: Should I lower the amount I insure my home for? - 04/15/09 11:19 AM

Since housing prices have dropped, I've been getting more and more inquiries from homeowners about whether they should lower the amount they insure their home for. Great question.
The price that most homeowners see going down is the market value of their home. The 'market' value of the home is really the value the house and land together can fetch if it were sold to a buyer on the open market.
On your insurance policy, your home is normally insured to its replacement cost. This price is considered to be the amount it would cost to rebuild the home if it … (3 comments)

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Cameron Bagherpour ~ North Carolina Insurance

Cary, NC

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Cary & Raleigh, NC Insurance

Address: 150 Cornerstone Dr. #202, Cary, NC, 27519

Office Phone: (919) 460-0606

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