Not exact matches
The rapid prices
increases in the Toronto housing market means that an appraisal from even 6 months ago may no longer
reflect the present
value of your
home.
Property usually appreciates over time and the amount of coverage on your
home may have to be
increased to
reflect the market
value in the area where you live.
One of them is simple,
increase the limits on your personal property protection to
reflect that actual
value of your personal property, because most standard
home policies only provide for a percentage of the total policy
value to be used to repair or replace personal items that are destroyed after a named peril.
In subsequent quarters, the ratio experienced a slow
increase between 2009 and 2011, largely
reflecting a decline in mortgage debt, but also a modest decrease in
home values.