Insuring your home should be among your top priorities, no matter what your income level or financial condition is. It is much more important than some other insurance options, like auto insurance. After all, you can live without your car for a while but you cannot live without a roof over your head and you might not be able to afford major home related expenses with your savings alone. Your home is your most important and valuable asset and you should have adequate insurance on it.

Don’t Pinch Pennies

The most important aspect of home insurance is to make sure you are not underinsuring. There is simply no point in having your insurance pay up an amount that is not enough for your house. In event of any damage to your home, the insurance should pay as much as is required to rebuild the house. [Read more…]