Making a detailed list of what you own ensures that you won’t overlook anything if you have to recall what was in your house should it be lost by fire, theft or other circumstance.
The most important variable in your Homeowner’s Insurance policy is the replacement value— the estimated amount of money you would need to rebuild your house from the foundation up with materials of similar kind and quality.
With burglaries constituting approximately 50 percent of all on-campus crimes, it’s important for college students and their parents take steps to prevent theft, adhere to safety measures—and review their insurance coverage before heading off to campus this fall.
In Rhode Island, hurricane deductibles on homeowners policies may be no more than 5% of a home’s insured value. Some policies may offer a flat dollar deductible, but it may not exceed 5% of the insured value of the property.