Over or Under Insured?
Thursday, 18 November 2010 14:07
Are you Over or Under Insured?
You are likely losing money on insurance if you are over insured but how devistating could it be if you are under insured and your coverage will not replace the things you have lost. This statement applies on all types of property but your home is typically the most valuable asset you will own. If you should lose your home to a fire or other disaster, if your insurance will not replace the home and your contents, it could be devasting. You have saved and payed your whole life for your property and now it is all gone. It would be like starting over again, but now, you are much later in life and further down the road. A couple of hours every year or so with your agent could prevent such disasters from happening.
Personal property is just as important. Many insurance companies may require proof of what you owned that was in the house before they will pay for replacement. A short video of the entire home could capture all of your belongings and can serve as proof of what was in the home. I personally feel that everyone should have an agent they can talk to and meet with to discuss all the things that go with insurance policies. They need to explain what is covered and what is not covered.
FEATURED HOME
Beautiful Home in award winning Lex/Rich 5 School District
Over 2500SF home with 5 bedrooms, 2.5 bathrooms, formal living and dining room, family room with high ceiling and fireplace with gas logs, double garage, and much more!!
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