HAVE A QUAKE AND EAT IT
Many homeowners buy insurance because they are forced by their mortgage lenders. Others choose to buy a policy to protect their assets. But not everyone understands what homeowners insurance does and does not cover. Specifics may vary by policy and provider, but in general the incidents listed here are covered to some extent. Homeowners generally can save money on premiums by increasing the deductible or lowering the coverage limit. Another savings opportunity: choosing reimbursement based on actual cash value (the current value of an item) instead of replacement cost, although policyholders who go that route may not be able to replace their home or possessions after a claim.