You buy homeowners insurance to protect one of your biggest assets, so it’s important to purchase enough coverage to suit your needs. By looking at a few key factors, you could end up saving yourself a lot of money and heartache should you ever have to make a major homeowners insurance claim. Be smart and ask yourself the following four questions when considering how much coverage to purchase.
- How much will it cost to rebuild?
- How much will it cost to replace my personal possessions?
- Will I have any additional living expenses as a result of an insured disaster that damages my home?
- How much coverage do I have in the event I am named in a lawsuit for bodily injury or property damage caused to others?
For more information on this topic, check out the following articles: