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Under insured???

Old 06-29-2007, 05:20 PM
  #1  
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Join Date: May 2004
Location: Ocean Springs Ms
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Default Under insured???

What is the proper amount of insurance needed on a home? I have a 200K home where the house is insured for 160K and contents at 40K. The land where the house sits has a value - 40K?
I just received my notice from the MS Windstorm UA and the cost has doubled; I am going to reevaluate my insurance levels - any advice?
Thanks
Barefootin is offline  
Old 06-29-2007, 09:40 PM
  #2  
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Join Date: Feb 2003
Location: Thornton's Ferry,NH,USA
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Default Re: Under insured???

Your insurance agent should help you withthe amounts.

When I bought my house i was told there was a forumula so many dollars per square foot for damages. There was a minimum amount so technically I am over insured.

I'd suggest liabilty at several times your total property value but again an agent can advise you best. Shop around as much as possible.

Good luck!

Kamper is offline  

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