Comments on: Why won’t my home owners insurance co. let me increase my insurance coverage?

By: dcgirl

dcgirl — Tue, 16 Mar 2010 13:37:39 +0000

You might need to have your home re-valued, not in a tax assessment but with the same kind of market assessment that a potential buyer would get if the home were on the market. Insuring the home for more than it is worth is a major red flag; over-insure the home, burn it down, and collect big time! So the insurance company is just trying to protect themselves against getting scammed. But if you can get an independant assessment to show how much more your home is worth compared to their estimate, it would go a long way towards getting your coverage raised.

By: tropicalvacationrentals

tropicalvacationrentals — Tue, 16 Mar 2010 13:26:31 +0000

I would ask to speak to a manager. This is strange, they’d get more premium $ from you.

By: AzOasis8

AzOasis8 — Tue, 16 Mar 2010 13:10:23 +0000

Change your policy to one that covers not only your house, but the items inside you house…. that might help.