There are things that are very unnecessary for homeowner insurance in California. Don’t insure your house along with the land it is built on as this is more expensive and also very unnecessary. A good number of people pay much more than they should on home insurance because they made this mistake. They just insure their house for its complete value without subtracting the land’s cost.
For those who have ignorantly done this, call your agent and check your home insurance coverage again. Subtract the land’s value and you will discover that you will need far less coverage. Doing this will reduce your rates considerably and still have enough home insurance coverage. Bearing in mind that insurance is for valuables that you can’t afford to lose, insuring the land which can neither be lost or damaged isn’t right.
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