Sunday, October 31, 2010

Homeowner's Insurance Property Valuation

It's time to get a homeowners insurance policy, but you're not quite sure how much your house is worth. What limit should you set as the building limit?Do you use the market value? No, market value fluctuates too widely and you may end up being over or under insured.Do you use the purchase price? No, you shouldn't use the purchase price for the exact same reason you shouldn't use the market