Homeowners and Liability Insurance

If you own your home, homeowners insurance covers your investment and your personal liability at and (unless you’re with Citizens Insurance) away from your premises. Renters and condo owners buy it to insure their stuff and their personal liability, too. No one expects an accident but they do happen and they can get expensive.

Considering what it protects, your homeowners insurance policy is too important to choose because it’s cheap. You aren’t buying a premium. You are buying a backup against ruinous loss. Take a closer look at that quote. Does it significantly low-ball the value of your home and its contents? Would that policy pay to replace everything, if you lost it all, or are you in jeopardy of a coinsurance penalty? Did you check the deductibles? Can you really afford that number?