2 Responses to “home insurance?”

1. Richard_CA says:

   February 4, 2010 at 10:25 am

   You may have the HO-5 policy which is a good policy if you live in an area where the temperature drops way below freezing. It covers things like frozen pipes and damage from weight of snow or ice. The basic policy, HO-1, is for people who live in warmer climates. It’s the best value in a policy if minimum premiums are your goal. So get out your homeowner’s policy so that you can check coverages and make any possible changes.

   Also, see what your deductible is. You can save money by raising your deductible to $500 or $1000. But be sure you check with your morgage company for the minimum required coverages.

   Check to see if you have replacement value coverage, not market value coverage. Replacement value coverage will pay whatever it cost to replace your home. Make sure your fire insurance is also replacement value coverage. You can also ask for an appreciation clause in your policy that will automatically raise your coverage limits each year for inflation.

   And, check your policy for gimmick insurance that may be attached to your policy. Examples are:

   Credit Life Insurance
   Credit Disability Insurance
   Morgage Life Insurance
   Automobile Service Contracts
   Extended Waranties on Appliances and Electronics
   Chargegard

   And finally, check all options to your homeowners’s policy. None of these are a good value.

   1)Removal of debris
   2)Damaged-property removal
   3)Fire department surcharges
   4)Temporary repairs to prevent further damage to property
   5)Trees, shrubs, and plants - since windstorms are excluded, this insurance is of little value
   6)Stolen credit cards
2. princy says:

   February 7, 2010 at 4:12 pm

   It depends upon the policy u choose, cover value & the company of course. U can find all these details by meeting advisors of different insurance cos. To meet the agents u can fill forms with dfferent cos. on this site
   lnk.in/54fh
   & they will send their best advisors to u. & U can crack the best deal