homeowners insurance: Just because property values are down doesn't mean your homeowner's insurance is up to date - 01/12/11 06:47 AM

Just because property values are downdoesn't mean your homeowner's insurance is up to date
January is a good time to review your homeowner's insurance policy to make sure that it is up to date. Many people believe that the value of their homes, especially when the value declines, means that if something happens, there's enough homeowner's insurance to cover it. That's not necessarily true.
The current value of your home has absolutely nothing to do with what it would cost to rebuild it if it's destroyed in a wildfire, earthquake, or flood. Instead, the cost to rebuild your home will be … (10 comments)