Chitownproperty

Getting homeowners insurance

Insurance isn’t protecting homeowners like it used to. Today more and more insurance companies are refusing to write new policies in vulnerable areas and canceling other homeowner policies in order to help their bottom line.

This article includes five tips for getting the homeowner’s insurance you need, but it can be summed up by three things: know what you need to replace your home, remember that you can always shop around, and if this isn’t obvious enough this year, get flood insurance.

(From CNNmoney.com)

Your home should be insured for its replacement cost, not market value. This frees up cash for you to take out additional disaster insurance and make more costly repairs.