Home Insurance: How Much Should You Get?

So you finally found your dream house, you have paid for it, and you’ve moved in. The time has come for you to get it insured. In some cases, the mortgage provider is going to be the one to dictate the amount of mortgage that you are going to get, but sometimes you have to figure that out.

There are actually a lot of factors that you would have to consider when you are deciding on the amount of home insurance that you should get. One of those factors is the cost of rebuilding your home.

Here is a portion of an article by Donna Fuscaldo for Fox Business, “In order to properly insure your home, you’ll need to figure out the cost to rebuild it. According to Loretta Worters, a spokeswoman for the Insurance Information Institute, many home buyers mistakenly base the rebuilding costs on what they paid for the home. “In today’s stagnant real estate market, the cost to rebuild a home can greatly exceed its real estate value, and there is no correlation between real estate value and the amount of insurance needed.”

You can visit this webpage if you would like to read the full article.

If you need help in finding the best Brownstone insurance agent in Brooklyn, NY, then  click here.

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