You should insure your home for the amount of money it would cost to REBUILD it. This is not necessarily the market value of the house or the amount of your mortgage. These amounts are completely unrelated. Call us to arrange a free reconstruction cost estimate.
What can I do to lower my homeowner’s insurance premiums?
Just like with auto insurance avoiding claims can help. Installing an alarm system can cut your cost of insurance. If you are handy around the house, raise your deductibles to $1000 or more. Small claims are usually easy to repair yourself.
The best way to do this is through a scheduled articles, or jewelry and fine arts rider to your Homeowners policy. You list the items you want covered specifically with detailed descriptions. Coverage’s are much broader than the basic homeowners coverage and can cover mysterious disappearances, lost stones etc. You will need to provide recent appraisals of the items (usually 3 years old or newer).
