"Real Estate (tara jacoby/For The Washington Post) For most people, buying homeowners' insurance is less painful but just as dull as filing a tax return. But there are nuances to insurance policies so it pays to understand - especially if you have to make a claim. And, with premiums up 24 percent over the past three years, according to the Consumer Federation of America, reviewing your coverage could save you money."
"( These answers from insurance company representatives provide general information. Insurance is complex. Each company recommends consumers reach out to their insurance provider or insurance agent for specific questions about their coverage and claims.)1 of If you have an actual cash value insurance policy, you can get reimbursed for the full cost to replace your damaged roof (minus your deductible)."
Premiums increased about 24 percent over the past three years, prompting a review of coverage and potential savings. Actual cash value policies reimburse depreciated value rather than full replacement cost, subject to deductibles. Discounts often lower premiums through bundling policies or making home improvements that reduce risk. Personal property coverage can vary for items stolen off-premises, and detached structures like garages and sheds typically receive separate coverage limits. Earthquake damage commonly requires a separate policy or endorsement. Landscaping, such as trees and shrubs, often lacks coverage for storm damage. Liability portions of policies generally cover guest medical bills for dog bites, but breed or prior behavior exclusions can limit payments.
Read at The Washington Post
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