While everybody understands the importance of getting their home insured, not everyone realizes that they need to get their contents insured as well. A typical home insurance policy will cover just the building itself, but what about the belongings? What about the contents of a storage building on your property? It’s a good idea to look at BOTH house and contents insurance policies – especially if you live in an area that either gets a lot of extreme weather or has a high rate of break-ins and burglaries.
When comparing rates for home insurance, make sure that there is coverage for your belongings. Typically, you’ll be required to choose between two types of coverage for personal property: actual cash value and replacement cost. The latter will factor in the depreciation of the item, and the former will help reimburse you for the cost by replacing the damaged item with one … Read More