Asked by Daniel  |  Submitted September 29, 2015

What is the best way to determine what is needed when purchasing a home insurance policy?

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  Answers  |  1

October 02, 2015

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.

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