Homeowners and Renters Insurance
Welcome back Wine and Dime Listeners! This weeks topic is all about Homeowners and Renters insurance.
Homeowners Insurance
A homeowners insurance policy is taken out by the owner of the home. The amount of insurance generally covers both the cost to replace the home in the event of a total loss and the personal property in it, such as furniture, appliances, clothing, jewelry, and dishes. If a home costs $200,000 to rebuild and the items inside the home cost $150,000 to replace, a homeowner who wanted to cover everything would need to insure the property for at least $350,000
Renter’s Insurance
Renter’s insurance is for occupants who do not own the property but want to protect their personal belongings that are in the home or on the property. It is important for renters to note that the property owner’s insurance policy does not cover them and their items in the event that they are damaged or destroyed. Renter’s insurance policies will reimburse a renter for the replacement cost of property that is lost or damaged while on the property. It can also extend to means of transportation, covering items stolen from your car or a bike stolen while you were at work.
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BULLY HILL - CABERNET FRANC
Aromas of raspberries and plums are the centerpiece, with polished tannins completing the symphony.
