- Whether you’re getting homeowners insurance for the first time or just updating your policy, there are three boxes you need to check before signing on the dotted line.
- First, be sure your policy covers all your valuables, from your jewelry and cash to your deeds and letters of credit.
- You should also purchase enough insurance to cover the replacement cost of your home (or slightly more) and consider getting an umbrella policy to cover personal liability.
- Sign up to get Personal Finance Insider’s newsletter in your inbox »
For most families in the United States, owning a home is an essential part of the American Dream. And even amid a global pandemic, the data suggest that that particular dream is alive and well.
In July 2020, the US Census Bureau announced that the homeownership rate