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reddit1651

What specific problems do you have with that? Many companies lock other coverages as a percentage of dwelling. Other structures usually defaults to 10%, personal belongings like 50 or 75%, etc


SpringySpringbok

I'm looking at other company's quotes and they're at about 30% of dwelling. I understand that the percentages are usually set, but I'm trying to understand why, if my dwelling is set at (for example) $500k, I would need, or even be able to use, $500k in loss of use. I like our current company and would like to stay with them, but I'm wondering if my agent might be mistaken. I'm getting lower quotes elsewhere and am wondering if it's the loss of use that's affecting it.


Adventurous-Beach-2

The price difference in lowering the coverage, if they would, is probably not the savings you think it would be.


SpringySpringbok

I appreciate you responding. I was wondering how much that would affect the price... The other quote I received, which has loss of use at 30% of dwelling (which amounts to a 500k difference), is about 25% cheaper with minimal differences otherwise.


Adventurous-Beach-2

Sometimes companies are cheaper fornwhatever reason. Maybe it is the loss of use, or the other companies are just cheaper. Keep in mind that cheaper isn't always better.


SpringySpringbok

I totally agree. I'm wanting to stay with our current carrier, even if the cost is a bit higher. I just have never heard of those limits being set the same. I'm trying to understand the justification behind it.