Need to renew our policy. We are cashed strapped a little because our 2 sons are bleeding us dry currently with college & their activities...pesky little bastards.
Regardless, we've got your standard 2 story home on a 50ft lot over here in the suburbs that we built 15 years ago for $260k. House is now worth around $600k (allegedly).
We've been carrying around $380k in coverage the past 3 years. Do I really NEED $500k coverage?
God forbid the house burns down, but if my burns the rest of the street is burning as our houses are so fvcking close together.
What's the theory & thought process that goes into this during these high inflationary, cash strapped times?
And no, cutting our son's activities isn't an option just quite yet.
Hookem in advanced!!!
Regardless, we've got your standard 2 story home on a 50ft lot over here in the suburbs that we built 15 years ago for $260k. House is now worth around $600k (allegedly).
We've been carrying around $380k in coverage the past 3 years. Do I really NEED $500k coverage?
God forbid the house burns down, but if my burns the rest of the street is burning as our houses are so fvcking close together.
What's the theory & thought process that goes into this during these high inflationary, cash strapped times?
And no, cutting our son's activities isn't an option just quite yet.
Hookem in advanced!!!
