When it comes to insurance, many people face the Goldilocks dilemma: Am I buying too much coverage, not enough, or just the right amount? How do you determine your proper insurance levels while ensuring you don’t waste money on unneeded coverage – or worse, leave your family exposed?
Here are a few considerations:
Homeowners insurance. Your home is probably your largest investment, so don’t risk losing it and its contents through an unforeseen disaster, accident or robbery. Renters also need insurance: Although the building is insured by the owner, your contents are not. A few tips: