Cheapest House Insurance — Don’t Insure Your Home Plus The Land
January 11th, 2010
It is more expensive but needless to insure the land on which your house is standing (Particularly if you plan to attract the cheapest house insurance quote). People do this ignorantly. They just insure their house for its entire value without subtracting the cost of the land.
For those who have mistakenly done this, meet with your agent and check your home insurance coverage again. Deduct the value of your land and use only the cost of your house and its contents. This implies that you will spend far less on home insurance. Because insurance is for things that can be lost or damaged, insuring the land which can neither get lost or damaged isn’t right.
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