Originally posted by AXiD670 Freakin' A I'm full of questions today.
Can someone explain to me why homeowner's insurance doesn't cover the full amount of the value of the house? Like, including contents, our insurance covers about $40,000 less than what we're buying the house for.
Because if something happened to your house (say a fire) the land would likely still be there and that is the value for that. Make sense?
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