One of the lessons I learned from my Dad is that home insurance is not a good area to go with low bidder.
About 30 years ago he went low bidder on his houses and then a rental home of his burned. Total loss. Insurance company refused to pay. He ended up having to take them to court – and won – but it cost him a LOT of time and frustration.
From then on out, he paid more attention to reputation than price and made sure his children learned from that hard-earned lesson.
Also in this inflationary time, we have an auto-adjustment feature on ours to take into account the rise in replacement cost. Something to think about.
