The reason this is important is two-fold: if the ratio is too high, you are probably spending more than you need to on your home insurance, and if the ratio is too low you could be faced with
huge out of pocket expenses if you suffer a loss, even one that damages but does not destroy the home.
Not having replacement cost coverage could mean you end up with
huge out of pocket expenses.
Not exact matches
Fashion Month is a
HUGE expense for me — with the exception
of the occasional brand collaborations during Fashion Month, most
of it is
out of my own
pocket — so you can imagine, there is a limit, and that limit made me skip Copenhagen the past three season.
A serious medical issue or a major accident resulting in emergency care and / or expensive treatment calls for
huge out -
of -
pocket expenses, which could lead to poor credit and sometimes even bankruptcy - in the absence
of health insurance coverage.
When looking for low - cost boat coverage, make sure you find ways to save that won't leave you with
huge out -
of -
pocket expenses after an incident.
It is better to increase your premium a bit than to risk
huge out of pocket loss
expenses.