I received a call from a mortgage loan officer in Dallas a few weeks ago. She was working with a couple who was buying a duplex but had not yet obtained insurance. The loan officer wondered if we could help the couple as the purchase was scheduled to close in a couple of days.
Last week, I outlined the difference between the two broad types of home insurance policies; replacement cost and actual cash value (see http://bit.ly/1qLPE5W). This week, I want to build on that post and outline what goes into determining a home’s replacement cost value.
I received a call on Friday from a woman in Frisco, Texas on Friday who wanted me to review her home and car insurance. The family’s rates are going up on their upcoming renewal in August, and like most people she doesn’t want to spend more on her insurance than she has to. I don’t blame her!
In last week’s blog, we dealt with the topic of a person buying a home for a certain price and the insurance quote coming in
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