Hi! I 'd like to know that it's normal .
I have my ER insured. at bigining, the price of based of what I paind ( also I all paper work from appraiser , the cost is almost same as what I paid )
it's has been same insurance company for past 8 years.
but my coverage gone up evey year. now 15K more than original recipt price.
I thought the coverage is based on original cost.
but is it nornal that insurance company raise up the coverage by thier decision?
please tell me that if your coverage gone up high?
by the way the insurance rate is not much diffrent, only 0.1% up.
thank you very much for reading.
I have my ER insured. at bigining, the price of based of what I paind ( also I all paper work from appraiser , the cost is almost same as what I paid )
it's has been same insurance company for past 8 years.
but my coverage gone up evey year. now 15K more than original recipt price.
I thought the coverage is based on original cost.
but is it nornal that insurance company raise up the coverage by thier decision?
please tell me that if your coverage gone up high?
by the way the insurance rate is not much diffrent, only 0.1% up.
thank you very much for reading.