Home > Home Insurance Buying Guide > More on Home Insurance > Home Insurance News

September 2, 2010 Home Insurance News View our select resources to view current news and information about homeowners insurance.

Home Insurance Buyer Beware An eye-opening warning to home insurance policy holders that, in these economic times, you may be paying too much for home insurance. The resource states: "estimates to rebuild a home, after a fire, for example, are 15 to 20 percent less than they were three years ago. So if you bought your policy in 2006 when values were higher, you could be overinsured." Learn how insurance companies are (of course) not proactively advising customers to adjust their policies in response to lower home replacement costs. The resource recommends reviewing your homeowners coverage yearly to make sure your coverage accurately reflects the value of your home. Source: Mass Live