What forms of insurance coverage do you currently carry and pay for? As a percentage of your estimated monthly disposable income (which you identified in Week 2), what proportion do these coverage represent? Are there areas where you feel you are under insured? Over insured? What trade-offs are involved in determining the amount of insurance coverage you currently carry?
Even though many homeowners have seen the market value of their homes decline as a result of the economic downturn, that does not necessarily mean that the cost to replace a home has similarly declined. Though it might sound nonsensical at first, replacing an existing home
