Do you have house insurance? It is amazing that the house is the most valuable possession most people will ever own, but a large number of people do not buy house insurance. This is deveastating for many people. The average homeowner usually needs more insurance than they purchase.
The homeowner also needs to keep on top of their policy. Did you buy your policy 10 years ago? Did you know that your 'replacement' value did not necessarily update with time. That means, when you go replace your plazma televsion, the replacement value will be based on the price of a flat screen ten years ago.
You also need to make sure your term life insurance will cover the cost of keeping your home 'in the family.' This amount is usually twice the value of the home - or more.
Tuesday, March 4, 2008
House Insurance
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