MWNM Blog Site
See the Future Through Our Eyes
Cheap Home Insurance: Make Sure You Do NOT Fail To Deduct The Land’s Cost
January 10th, 2010 by admin
Make sure you do NOT fail to deduct the land’s value from your home’s cost while applying for a home insurance policy (Especially if you’d like to find a cheap home insurance quote). People do this without knowing. You’ve made the same mistake if you insured your house for the price you bought it without checking the cost of the land it’s built on and deducting it.
If you made such a mistake, you’ll have to review your home insurance coverage and check it again with your agent. Deduct the cost of your land and buy coverage only for your home and its contents. Your premium will be cheaper and you’ll still have adequate coverage if you do this right. Since insurance is for things that you can’t afford to lose, insuring the land which can neither get lost or damaged isn’t a smart move.