52 Weeks to Prosperous Living
Follow us!
  • Home
  • E-book
  • Prosper SBS
  • Products
  • News/Articles
  • Sign Up!
  • Quotes
  • Contact Us
  • ToDo Lists

What To Look For In A Homeowner's Policy - Marc Roethel

7/11/2012

1 Comment

 
The first and foremost thing to look for in a homeowner’s policy is to make sure that your policy is a guaranteed replacement cost policy.  This is because the guaranteed replacement cost ensures that the entire replacement cost due to fire or other disaster will be covered, regardless of the dollar amount needed for replacement.  A cash value policy places a limitation on the amount of coverage and with inflation and rising costs this could leave you severely underinsured.  Also, make sure that your home is covered in its entirety.  Be aware that homeowner’s policies do not cover earthquake or flood, so be sure to purchase a separate policy if you live in a high risk area. 

A homeowner's policy also protects your assets within the home.  Be sure to include adequate protection and take inventory of high dollar items such as jewelry, collectibles, furniture, and expensive clothing.

A good homeowner's policy should also include liability coverage of at least $100,000.  This simply covers you in the event that a neighbor hurts themselves in your home or yard or if your dog destroyed the neighbor's yard…  This can also be very important if you own a trampoline or swimming pool.  If your risk is a little higher, consider increasing your liability coverage. 

1 Comment
reinsurance company link
7/23/2012 05:30:16 pm

Nice description about the homeowner's insurance policies . I think people should like it . I like this information too and also i am waiting for some new updates.

Reply



Leave a Reply.

    RSS Feed

    E-mail Questions to [email protected]

    Marc & Ed

    We are a couple of insurance agents that want to help people.

    Crazy... we know!!! 
    Insurance Agents that actually want to help.  Sounds like a joke, right?  :-) 

    We noticed that most people we came in contact with do not have their finances in order and know nothing about insurance or what is out there.  We want to educate you and help you.  Please help us... help you.  If we don't hear from you... we wont know how to help. 

    Marc & Ed

    Categories

    All
    Advisors
    Comments
    Company Highlight
    Contact Us
    Discounts
    Food Storage
    Funny
    Health Insurance
    Homeowners Insurance
    HSA's
    Ira Taxes
    I U L
    Life Insurance
    Misc.
    Newsletter Article
    Organization
    Passwords
    Personal Budget
    Property And Casualty Insurance
    Protection
    Risk
    Saving
    Tax Free Retirement
    Todo Lists
    Utah High Winds
    Week 1
    Week 10
    Week 11
    Week 12
    Week 13
    Week 14
    Week 15
    Week 16
    Week 17
    Week 18
    Week 19
    Week 2
    Week 20
    Week 21
    Week 22
    Week 23
    Week 25
    Week 29
    Week 3
    Week 4
    Week 6
    Week 7
    Week 8
    Week 9
    What Age Can I Retire

Powered by Create your own unique website with customizable templates.
Photos used under Creative Commons from Saad Faruque, Ran Yaniv Hartstein, Gregory Moine, NathanF, Fairy Heart ♥, bibliojojo, mikepetrucci, _e.t, markhillary, eliazar, nitram242, qf8, fallingwater123, Gastev, Christoph Lorenz Photography, B Rosen, || UggBoy♥UggGirl || PHOTO || WORLD || TRAVEL ||, Son of Groucho, Images_of_Money, sidibousaid60, GYLo, Michal Osmenda, misteraitch, Materials Aart, The U.S. Army, skippyjon, C. G. P. Grey, Mike Licht, NotionsCapital.com, State Farm, Don Hankins, InterContinental Hong Kong, bonnie-brown, 401(K) 2012, Beyond Elements, weeklydig, DonkeyHotey, Alex E. Proimos, NRMA New Cars, Fabio Bruna, mullica, hoyasmeg, kthypryn, Big Blue Ocean, SpaceShoe [Learning to live with the crisis], Mike Licht, NotionsCapital.com, peteSwede, j.reed, wodejia_g, neurmadic aesthetic, _Dinkel_, NathanF, Franco Folini, jjankechu, Davide Vosti, StewC, eric731, fsgm, Martin Pettitt, Jo Naylor, EvelynGiggles, Images_of_Money, out of ideas, Images_of_Money, louis konstantinou, OakleyOriginals