3 boxes to check before you buy homeowners insurance, according to a financial planner
These numbers indicate that for homeowners, their property likely plays a massive role in supporting their net worth. That makes your home a critical asset that you must protect. is providing efficient protection for a significant piece of your wealth. homeowners insurance policyMost policies will protect possessions like clothing, appliances, furniture, tools, and decorative items from a covered loss or theft.
Not only will this expand the coverage protection for your valuables, but it will cover you from personal negligence, such as leaving jewelry in a restroom. As a certified financial planner, one of the most common mistakes I see people make is insuring their home for what they think their home's market value is. The correct way to insure your property? By full replacement cost.
Insuring your home based on the replacement cost value will protect you from labor, materials, and transportation expenses required to rebuild your home back to its original state.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside recent sports media and gambling deals: expert analysis - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
A look inside the Grace Hopper Celebration for women in tech - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
3 lessons I've learned from my financial planners colleagues - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Best Buy Health, Amazon debut telehealth flip phone for seniors - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
A CFP lays out 5 steps to take today to buy your first home - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Stocks to buy, 23 high-conviction ideas across major themes: UBS - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »