Protecting your Real Estate- All About Homeowners Insurance

Protecting your Real Estate- All About Homeowners Insurance

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Posted: Dec 27, 2006 |Comments: 0
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Homeowners insurance companies rates can vary from one company to the next as much as 100 percent for them same amount of coverage. It is crucial to shop around for the best insurance policy. While making comparisons write down quotes for equivalent coverage. You will want to know whether the insurance carrier has a reputation for prompt and dependable claims service, so it’s a good idea to check references.

California law prohibits a lender from requiring the borrower to carry fire insurance in excess of the replacement value of the improvements on the property, even if this is less than the loan amount. However the borrower’s property insurer must establish replacement value.

Underinsuring a property can result is serious consequences. Even