I didn't realize the insurance companies would depreciate the original price of the house. That's nuts, especially when house prices typically increase! I guess I'll have to make a point of that coverage being correct. My thought on insuring the house itself was to go by the value of the appraisal, then add what we put in for materials, plus a little extra for our labor.
When it comes to belongings, I'm more confused because I can't imagine most people having an actual inventory of everything they own. How do you know how much to cover, & if something did happen, how would you prove your losses? I KNOW on belongings, you need replacement cost!
Donna (Upstate NY)
"Even monkeys fall out of trees."
"Suffering is the tuition one pays for a character degree."
"Accept your diagnosis, but never your prognosis." home.roadrunner.com/~andydonna
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