chernmax
NOT Politically Correct!!
OK, how many of you still have the same home owners insurance coverage since you moved into your home???
After 2+ years in our home, our property was recently reassessed at twice the purchase value. So accordingly we adjusted our home insurance coverage.
Recently, a coworker at our firm had a house fire and she learned the hard way that her homeowners insurance coverage to reimburse for the damages to her home was undervalued by: $275,000 dollars. Needless to say she learned a very hard lesson.
There is a great website www.zillow.com that you can find out the current market value for your home. Just enter your home address, zip code and press enter. Your current fair market value (and your neighbors homes) will be displayed as well as the highest value it may be worth due to home improvements or upgrades...
Just an FYI...
After 2+ years in our home, our property was recently reassessed at twice the purchase value. So accordingly we adjusted our home insurance coverage.
Recently, a coworker at our firm had a house fire and she learned the hard way that her homeowners insurance coverage to reimburse for the damages to her home was undervalued by: $275,000 dollars. Needless to say she learned a very hard lesson.
There is a great website www.zillow.com that you can find out the current market value for your home. Just enter your home address, zip code and press enter. Your current fair market value (and your neighbors homes) will be displayed as well as the highest value it may be worth due to home improvements or upgrades...
Just an FYI...