| Home insurance is a big decision, and one you | | | | on your property who is injured or killed your home |
| shouldn't hesitate to put some thought into. If you | | | | insurance policy may pay medical expenses for them, |
| haven't been a homeowner before, you might not | | | | or legal expenses and losses if you are sued. |
| realize some of the issues here. There are so many | | | | You agent will likely encourage you to insure your |
| calamities which might befall your home and most | | | | home and personal property for more than it is |
| people only think about fires and tornadoes. One | | | | worth, and you may think you can cash in big time if |
| thing often overlooked is the issue of flood insurance. | | | | that calamity ever strikes. If you are over-insured, |
| Insurance companies have map of areas marking | | | | and suffer a total loss, you will be unpleasantly |
| whether you are in a flood zone or not. If you aren't, | | | | surprised to learn that you won't get the |
| then your home insurance shouldn't have the | | | | over-insured amount. They will only pay for actual |
| coverage on it. If you are, you may find your rates | | | | replacement value. Even though you paid the |
| much higher in order to get covered. | | | | premium for the extra amount. Be aware of this, and |
| Other things covered by home insurance are thefts | | | | try to only have just a little more insurance than you |
| like burglaries. You know that if your home is robbed, | | | | need. Replacement value on your personal property |
| you will be covered, but did you know that if you car | | | | inside the home may be more than the goods are |
| is broken into or vandalized in your driveway that it | | | | worth. For instance, your ten year old couch may be |
| might be covered by your home insurance? What | | | | replaced with a beautiful and expensive brand new |
| about the personal liability part of your policy? If you | | | | couch worth much more. |
| have a guest, solicitor, meter reader or anyone else | | | | |