The Right (and Wrong) Way to Cut Home Insurance Costs
By JENNIFER SARANOW SCHULTZ
If the market values of your home or collectibles have gone down recently, you may have considered reducing the amount of insurance coverage you have to save costs.
But such marking to market value isn’t always a smart insurance saving strategy.
The Insurance Information Institute, an educational organization financed by the insurance industry, has included “insuring a home for its real estate value rather than the cost of rebuilding” as No. 1 in its new list of insurance mistakes consumers make when trying to cut insurance costs.
Read the rest of the story.
If the market values of your home or collectibles have gone down recently, you may have considered reducing the amount of insurance coverage you have to save costs.
But such marking to market value isn’t always a smart insurance saving strategy.
The Insurance Information Institute, an educational organization financed by the insurance industry, has included “insuring a home for its real estate value rather than the cost of rebuilding” as No. 1 in its new list of insurance mistakes consumers make when trying to cut insurance costs.
Read the rest of the story.
posted by Mike at
8:24 PM
