Insurance for your house. Top reasons to pay attention:
- If your home insurance lapses or is canceled and the house is destroyed, you are still responsible for the mortgage and all other expenses.
- Home insurance is not the place to save money by naming your own coverage! In fact, you will be shooting yourself in the foot in a major way and will have signed your name to the policy.
- When an agent asks “do you want replacement cost on the contents of your home” your first response will likely be “how much does it cost?”. Wrong! The question is what do I lose by not taking this coverage? The answer- quite a bit. See the replacement cost on contents summary for more details.
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