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Tips to Find the Best Homeowners Insurance Coverage

Tips to Find the Best Homeowners Insurance Coverage

Tips to Find the Best Homeowners Insurance Coverage
News from DailyFinance:

For most middle-class families, the home is the most valuable asset — often outstripping even the 401(k) and 403(b) for all but the most diligent savers.

Yes, for generations the home has been an important store of value for Americans. It’s often a treasured asset — a legacy that older Americans can pass down to their children and grandchildren. In other cases, it’s a vital source of retirement income — converted to cash either via an outright sale or rental, or thought the conversion of home equity to a reverse mortgage.

The problem: Your home is at risk. Every day, Americans lose their homes to a variety of hazards — and not just to the obvious.

Fortunately, loss or severe damage to a personal residence lends itself well to insurance. But too many Americans don’t adequately protect themselves against possible devastating losses — losses they simply can’t afford.

These mistakes are almost always avoidable — if the homeowner is well advised. Here are some of the most common mistakes homeowners make when insuring their homes.

Not getting flood insurance
It cannot be stated plainly or forcefully enough: Standard homeowners insurance policies do not cover …………… continues on DailyFinance

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