What is the best way to determine what is needed when purchasing a home insurance policy?
I'm a mortgage guy - NOT an insurance guy, but I know several.
Most companies have a big formula for what needs to be covered, and a second one for what you might want to be covered. Lenders have minimum coverage requirements, and many states have regulations too.
Talk to a couple of different companies and see what they offer. Chances are, the coverages will be similar, and if they aren't, ask why. When you know, you'll have a better idea of what's right for you. | 10.02.15 @ 13:12