 |
 |
 |
 |
 |
|
 |
 |
 |
|||
|
||||||
|
||||||
|
||||||
|
||||||
|
||||||
|
||||||
|
||||||
|
|
 |
|
|
|
Insurance companies generally recommend insuring a home for the full replacement cost. Replacement cost is the amount of money necessary to rebuild or replace your home at current prices. Most insurance companies require you to insure your home for 80% to 100% of its total replacement cost if you wish to receive full coverage for any partial loss or damage to your home, up to the limits of the policy. Not only must you consider the replacement cost of your home, but you should also take into account the contents of your home when deciding how much insurance coverage to buy. Making an inventory of your possessions and their estimated value at today's prices will help you decide the amount of insurance you would need to replace the contents of your home if everything was destroyed.
See Also:
|
||