What type of home owners insurance is recommended?

Answer 1

Contents and Additions & Alterations

Items that you can pick up and take out of the home are classified under 'contents'. Anything ATTACHED to the structure (i.e. plasma tvs, lighting, kitchen cabs/appliances) are covered under your 'additions & alterations' also known as 'replacement cost'(depending on the carrier you have. Typically people carry about 50% of the replacement cost for their contents, unless they have something of high value.

Certainly there are other riders that you should buy if you have certain items, such as jewelry, fine art and antiques. They are covered under your contents, but placing them on their own rider won't eat up your contents limit should a total loss occur and sometimes the rate is lower on a separate rider and they typically cover changes in the item's market value instead of actual cost.

Answer 2

For renters. I would recommend renters insurance. It should cost $15 - $20 a month and will save you heartache and financial burden if another renter burns their and your place down.

Answer 3

Check with a qualified insurance agent and proceed from there. Everyone's situation is different.