Insuring Your Home

Why are dwelling coverage limits tricky?

Dwelling coverage limits, or computing a replacement value, may be difficult if your house either increases or declines in value from the time that you purchased your policy. If your home value has increased, or appreciated, you may not have enough coverage to replace your house. If your home value has declined, or depreciated, you may be paying for too much coverage. You should reassess these amounts every year, and adjust your policy according to today’s real estate market conditions.


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