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Insurance For Your Home (and Having Enough for Your Stuff)

Filed under: Family Finances, House & Home, Insurance

When you're talking about life and health insurance, the question of whether or not people have sufficient coverage is fairly regular and recurring. Recently, I've come to wonder if the same questions are or should be as prevalent when talking about homeowner's insurance as well.

I suspect most people do have enough house insurance, but there are also a few things that have occurred which make me wonder: A neighbour's house burned down recently, taking the contents and her entire sewing business with it; the news here is always full of cottage-related accident stories which make me wonder about liability; a friend showed me an amazing ring she received as a gift (I strongly urged her to get a separate rider to cover it) and I was talking to another friend about the collectibles and equipment he keeps in his basement.

Does any of this sound familiar or similar to your own situation?
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