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Peg Dunne
Guest
House insurance up for renewal, how do I decide how much to insure building for. Also how do I estimate contents.
My current insurance company asked me the square footage of my house.
They asked me how much I wanted to insure it for. I asked them what max they would pay on a complete destruction.
The answer gave me a reality check! However, I have a tracker and I paid the amount my mortgage company requested.
A year is a long time in insurance!
Marion
They asked me how much I wanted to insure it for. I asked them what max they would pay on a complete destruction.
The answer gave me a reality check! However, I have a tracker and I paid the amount my mortgage company requested.
My current insurance company gave me a sum that would only pay out if my house were completely destroyed.
The terms and conditions for my tracker mortgage simply state I must insure the property for its full reinstatement value.
My current insurance company gave me a sum that they would only pay out if my house were completely destroyed.