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Updated almost 15 years ago,
How Much Homeowners Insurance?
Just wondering what the correct way to do things are. I currently have homeowners insurance on what i owe on my rental (80k) not the value of the property (105K). Should my rental be insured for the full value of the building, building + land, or just what i owe?
I am sure the land doesnt need to be insured as it isnt going anywere. Thanks for the info!
Steven