underinsured: TIPS YOU CAN USE: ARE THE LIMITS OF INSURANCE FOR YOUR HOME ACCURATE?
- 06/20/08 04:42 AM
TIPS YOU CAN USE: ARE THE LIMITS OF INSURANCE FOR YOUR HOME ACCURATE? Is the amount of property insurance on your home correct? What is theappropriate amount of coverage for your home? To begin with, it should beinsured for at least 80 percent of its replacement cost when covered undera standard homeowners policy. Replacement cost refers to the amountnecessary to repair or replace damaged building parts with items of likekind and quality. Some insurance companies even require 90 percent orhigher figures when the guaranteed replacement cost option is offered.With this option, the policy pays the full cost of replacing your home,without … (2 comments)
TIPS YOU CAN USE: ARE THE LIMITS OF INSURANCE FOR YOUR HOME ACCURATE?
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