When it comes to homeowners fire insurance, more than six million people in the United States are just hoping and praying. They have opted not to pay rates they consider too high. It’s not a good strategy.
A home is generally the greatest asset people will ever own. And no matter how much insurance they have, it’s never enough.
Think about it…if you are at your office and your home is totally destroyed, the only pair of shoes you’ll own are the ones you are wearing. It’s both poignant and painful. Powerful when thought of in that context. A valuable lesson indeed. And one you don’t understand until you’ve gone through it. Or watched others do so.
Even worse, even homeowners who believe they are adequately insured to rebuild after a fire often learn that, because things have changed, they are not fully covered to be able to rebuild. It’s not necessarily anyone’s fault. Things, times and prices have changed. Unless you increased the amount of coverage you had, and many homeowners are doing the opposite, you
