Insurance Quotes — Make Sure You Don’t Forget To Subtract The Land’s Cost
January 8th, 2010
Do not insure your house along with the land it is standing on as this will cost you more but quite unnecessary (Particularly if you would like to get cheaper insurance quotes). Folks do this ignorantly. They just insure their home for its full value without removing the land’s cost.
If you made this mistake quickly meet with your agent and check through your home insurance policy. Deduct the cost of your land and buy coverage only for your structures and its contents. Your rate will be more affordable and you’ll still have sufficient coverage if you do this right. Since insurance is for things that you can’t afford to lose, insuring the land which can neither get lost or damaged isn’t right.
Entry Filed under: Miscellaneous