Common Questions When Buying Home Insurance
When we buy home insurance, the following questions are on the top list:
• What is the coverage?
According to Redentor Ramos of Paramount Insurance, fire, lightning, and third party liability are included in a basic coverage. While floods, typhoons, riots, strikes, among others are already considered additional.
• How much should I pay?
As a rule always reassess the value when renewing your policy to avoid getting under or over insured.
• In case of a claim, how much should I receive?
See to it that you will receive the replacement value not the actual cash value because they are different.