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(SPM Wire) With gas prices fluctuating, the mortgage crisis and economic conditions threatening a recession, people everywhere are looking to save money. A good place to start is with your homeowner's policy. In spite of our economy, home values have increased over the past five-to-fifteen years, according to Frank N. Darras, one of Americas' top insurance lawyers. However, many people have failed to determine if their current insurance coverage would be adequate to replace their homes. Your policy should allow you to completely rebuild your home should a disaster occur. If not, get your policy updated to match your current property values. "Make sure you are not grossly underinsured," says Darras. "You will pay more in premiums but save in the long run, if disaster strikes." Darras offers these tips to save money:
"Always read the policy when you receive it and ask your agent to slowly and carefully explain any provisions you don't understand. Finally, never buy insurance from a company you don't recognize," says Darras. For more insurance information, visit www.darrasnews.com.