Here is an excerpt from a new blog post at GreggMarcus.com:
It
is true that your insurance portfolio is quite similar to maintain an
automobile. You need to regularly get a tune up and change your oil such
that with an insurance policy, as life changes you are required to make
certain tweaks and adjustments to your policy. In this fluctuating real
estate market you many need to adjust your coverage prior to a claim,
otherwise instead of saving money you may find yourself with a claim not
covered by your current policy. In this post, Long Island Insurance
Executive, Gregg S. Marcus will explain why it is proper and necessary
to adjust your homeowner’s insurance policy.
The personal property
coverage or contents coverage for a homeowner’s policy is a default
percentage of the dwelling. Discuss this limit with your agent as it
compares to the appraised value or market value of your home. Many
people hold policies that have not been reviewed in a number of years
which results in an insufficient dwelling value. The worst possible time
to learn of your homeowner’s insurance being insufficient is of course
in the time of a claim. It is not your agent’s responsibility to make
sure you read your policy.
To read this post in it’s entirety, click here to visit the Gregg Marcus official website.
