July 23rd, 2010
What Does Homeowners and Renters Insurance Cover?
Home insurance is required by most mortgage lenders to protect a very valuable asset- your home. This is a type of property insurance that is multi lined. That is it covers your home for liability coverage as well as property damage or loss. The premium cost will depend on the replacement cost of your home not what your home is valued at on the open real estate market or what the county tax assessor has valued it at although these numbers will help assess the replacement cost. This can be a big surprise to some homeowners who are under the impression replacement value means what they paid for the home.

