EVERYDAY people ask themselves, "How much Homeowner’s Insurance do I need?" The answer varies, depending on each person’s situation. Usually you should insure your home for its whole value, this means the actual building and all of its contents.
In order to find out exactly how much your home is worth, you should have it appraised. You can have an appraiser, builder or insurance agent give you an estimate on its value. However, if you ever re-model or add on to your home, its value will increase, and you will then need to purchase more coverage.
For any valuable possessions you have, you can purchase extended coverage, to insure those items are covered as well. The best thing to do is take a room-by-room inventory of your valuables then keeping this list somewhere outside the home, for example: safe-deposit box.
To determine if valuable possessions, such as TVs, stereos or computers are covers, or if you have any other questions about Homeowner’s Insurance, contact your State Farm Insurance agent.
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If you suspect a scam, call the NICB hotline at 1–800–TEL–NICB.
For information about auto insurance and insurance fraud, contact your insurance agent.
( Published on August 1, 2009 in Asian Journal Los Angeles p. C3 )
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