March 29th, 2008
Check The Small Print On Your Homeowner Insurance
Replacing personal and household possessions requires a policy that will pay for new replacements and not pay out on the original cost of the products. If you don’t want to shop for replacements at your local thrift shop, you will need to consider having a ‘replacement value’ policy.Your home is probably going to be the most expensive thing you ever insure not just for the cost of replacing the building but also for the contents which means personal items and perhaps valuable items. So realistically, everything that is in your home should be covered as part of your homeowners insurance if you place any value on it.