My Home Insurance is comming to renew.
My insurance company uses the blanket amount, and my blacket ammount is $680,000 based on a reconstruction cost of $340,000.
(the websiet description:
The blanket amount is the total amount of property insurance you carry for your dwelling, personal property, furniture and detached private structures. It also includes additional living expenses in case you have to live elsewhere following a covered loss.
The blanket amount adds some flexibility in the event of a loss, because the amount of insurance is not predetermined for your dwelling, personal property, furniture, detached private structures, or additional living expenses.)
Do you guys think about $680,000 is too high? I don't have any valuable personal property at home.
Thanks in advance.
My insurance company uses the blanket amount, and my blacket ammount is $680,000 based on a reconstruction cost of $340,000.
(the websiet description:
The blanket amount is the total amount of property insurance you carry for your dwelling, personal property, furniture and detached private structures. It also includes additional living expenses in case you have to live elsewhere following a covered loss.
The blanket amount adds some flexibility in the event of a loss, because the amount of insurance is not predetermined for your dwelling, personal property, furniture, detached private structures, or additional living expenses.)
Do you guys think about $680,000 is too high? I don't have any valuable personal property at home.
Thanks in advance.