Homeowners Insurance: Do you have the right coverage?

There are different types of policies which provide protection to your home.  There are those that cover basic perils, but do not offer, for example, theft or Extended Replacement Cost for the dwelling.  Extended Replacement Cost is an additional amount of coverage, usually 125% or 150% of the dwelling amount.  It acts as a “buffer” in the event you need more than the dwelling amount specified on the policy at the time of a loss.  With this, you will not find yourself underinsured.