Looking at it objectively, I just think it's a better choice for most people.1) Yes precisely, do not buy more insurance than you have to!  

@Upen Patel can answer more precisely than I can because he is a mortgage lender.

My agent gave me precise and clear instructions on how to document everything properly, and when my work comp audited me, it took them 2 days to clear me up, so what's the fuss?

Without giving you the precise address, the house is in Los Angeles, in the San Fernando Valley, in the area of Reseda.  

Simply go to the Dallas Central Appraisal District's site, enter the address, and it will tell you precisely what the annual tax bill is.http://www.dallascad.org/SearchOwner.aspx

Not PRECISE but gets you close!

I would agree with Greg on asking the neighbors for that one.For your value question, if the perc test and well questions check out, you can use Redfin to get a more precise value for your land according to a process outlined by Seth Williams in this Article.Let me know if these links help you out.

Indeed I've bought a few of them myself, and they've gone a long way to help me get organized and be precise in my estimating / deals.

I want to build more precise worksheets so I can have a better idea of the true cash flow in the future.

Tim Larkins at Precise Home Inspections. www.precisehi.com.