For those purchasing home owners insurance...keep the following in mind.  Mortgage lenders require homes to be insured, but most of the time they are not really specific on the amount of insurance you need to have.  Most people get the amount of insurance as valued by their local appraisal dept. or market value of their home.  Just remember that your house value is made up of a land value and home (improvement) value.  If, in an unfortunate event, your home is destroyed, the land value should remain the same.  To sum things up, you can save money by paying less in monthly premiums by just getting enough insurance to cover the home improvement value of your home.  

Submitted by Ronald