Comments on: Adjusting Your Homeowners Insurance

By: EFX Moderator, EM

EFX Moderator, EM — Fri, 21 Dec 2012 17:02:34 +0000

Jeff, That is true. The real estate market has affected every neighborhood a bit differently and I think it’s important that your homeowner’s insurance accurately reflect your situation. It’s great that you have found an insurance agent that will review your needs with you and recommend adjustments, especially if it saves you money. You make a great point and it’s a great tip, thanks for sharing.

By: Jeff Becker

Jeff Becker — Fri, 21 Dec 2012 13:11:29 +0000

I think this article by Linda Rey might just be a bit out of touch! I agree that it makes good sense to carefully review one’s homeowner’s insurance policy….after all….it’s one of our largest annual bills. But she infers that our homes values over the years have gone up thus the insurance coverage should be reviewed and adjusted upwards.
This is the opposite of my approach.
As values have plummeted on our homes during the past six years, we may be overinsuring our homes! I just redid mine to reflect current values and SAVED $800 on my annual insurance policy. No, I did NOT change insurance companies but I did change my agency. I was disappointed that the agency did not recommend a review; they took the easy street and sent my new policy with price increase. They LOST my business.

By: shajal

shajal — Thu, 24 May 2012 10:07:32 +0000

The personal property coverage, or contents coverage, for a homeowners policy is a default percentage of the dwelling limit (known as Coverage A) on your declarations page.

By: Jayne malone

Jayne malone — Tue, 03 Apr 2012 03:48:21 +0000

Are my dogs covered under my home owners ins.
We have new jersey manufactures ins.