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Author: kmart00 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127801  
Subject: Where to start? Homeowners Insurance... Date: 10/1/2013 2:27 PM
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Cross post from Insurance Forum:

Greetings, Fools!

I am in the process of buying my first single family home. I previously owned a condo, and felt like I had a good handle on what we needed for condo insurance.

With homeowners, there is no 'master policy' on the building, so I am a little more concerned with 'getting it right'.

I figured, before calling an insurance agent, I should do a little homework. Enter this forum :-)

So, I am buying a home, and have an existing umbrella policy. I know that means, for liability, I need to have a certain minimum coverage on the home.

I *think* I will be looking for a policy that offers full replacement of contents and rebuilds at market value. I also *think* that I will be looking for a policy that indexes with inflation, to hedge against being under-insured in the future?

Finally, I *think* I will be looking for an additional 'inland-marine' policy for my wife's wedding ring, if single family homeowners policy is anything like my condo policy?

What else should I be considering? I appreciate any and all advice on this!

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