« Homeowners & Renters Insurance
Protection: The better your coverage, the less you will have
to pay out of your own pocket if disaster strikes.
Self Protection: You need enough liability
coverage to protect yourself from lawsuits resulting from your negligence.
Lender Requirements: Your lender may require
you to cover the house for at least the amount of the mortgage or
the replacement cost of the dwelling. You are not required to purchase
insurance from the insurer recommended by your lender.
Policy Requirements: Insurers may impose
some coverage requirements for replacement cost protection. Preferred
plans usually require policy limits at 100% of replacement cost.
Standard plans usually require policy limits of at least 80% of