How to read a home insurance policy - Yahoo Finance
katleho Seisa/Getty Images Buying home insurance is an important part of your financial plan as a homeowner, and knowing how to read and understand your coverage is an integral step. Home insurance policies may seem complex, but they don't have to be. Bankrate's insurance editorial team has nearly 50 years of combined experience in the industry and includes three licensed insurance agents, so we can help you understand the details of your home insurance policy. Knowing how to read a home insurance policy might help you choose the appropriate coverage and evaluate your policy as your needs change. Insurance Home Key takeaways The main parts of home insurance policy documents are the declarations page and the policy jacket. Understanding replacement cost versus actual cash value is important to know how your homeowners insurance claim would be settled. Homeowners should also be aware that home insurance policies typically exclude certain types of property damage. How to read and ...