What Is The Average Homeowners Insurance?

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    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The homeowner’s policy is an extremely popular insurance plan.  The primary reason is its acceptance by lenders.  It is a formula based package based upon the replacement cost for the home.  Personal property and other coverages then have limits that are a percentage of the replacement cost for the home.  An extremely important part of the homeowner’s policy is the liability section which provides coverage for bodily injury and property damage.  A lawsuit can bankrupt you so this coverage is vital.
    Answered on May 7, 2014
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