What Is The Average Homeowners Insurance?
- 37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaThe 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, 2014flag this answer
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