Featured Topics are brought to you by Bauer Mortgage Group. For an archive of past featured topics click here. Click here for the Lakes Region Office Steve Bauer Sr. Loan Officer Lakes Region Office Email Steve Click here for the Seacoast Office Karen Wimer Sr. Loan Officer, Branch Manager Seacoast Office Email Karen To receive more featured topics like these, sign up for our monthly e-news! Current interest rates and news delivered directly to you, only once per month. All subscription lists kept private. Enter e-mail address:		Home About Our Office Rate Quotes Testimonials Partners Current E-News Community/Events Document Downloads Featured Topic E-News Topic Archive  Directions Featured Topic: Do You Have the Right Homeowners Coverage? By Kaylee Masury, LUTCF Homeowners insurance is designed to protect you financially in the event of a loss. For that reason, make sure your home is insured “to value.” That means you should secure coverage equal to what it would cost to reconstruct your home at the same location today with materials of a similar kind and quality. Inflation, home improvements, and other factors can all affect the replacement cost of your home. The costs of building materials and labor associated with residential construction generally increase from year to year due to inflation and other factors. To protect policyholders from these increases in construction costs, almost all Liberty Mutual homeowners policies have Inflation Protection Coverage, coverage that adjusts your policy limits automatically to keep pace with inflation. For example, a homeowners policy that provided $200,000 of dwelling coverage in 2003 would be renewed at $214,600 for the 2004 policy renewal, reflecting a 7.3% increase in building costs. The percentage of increase may differ from year to year, depending on the rises in residential construction costs. If you’ve made changes to your home since you last updated your insurance policy, then you need additional coverage. Also, if you feel the value stated in your homeowners policy doesn’t accurately represent the value of your home because of special features, you need to update your policy. Special features could include finely crafted doors, moldings, and countertops, uniquely pitched or vaulted ceilings or stained glass windows. To help you determine the full replacement cost of your home, speak with your local sales representative or agent. Kaylee Masury is a Sales Representative with Liberty Mutual Group in Dover, NH. Liberty Mutual is the nation’s eighth-largest provider of personal lines of insurance products in the U.S.  The company sells full lines of coverage for automobile, homeowners, valuable possessions and personal liability insurance. Call (800) 437-1180 X 206 for a no obligation quote. Karen Wimer, Branch Manager Bauer Mortgage Group 170 State Street Portsmouth, NH 03801 603-430-7729 888-25BAUER  To obtain your personalized rate quote from Bauer Mortgage Group, email Karen or call 603-430-7729!