[TimT]

I don't have a mortgage on my home I have a Home Equity Line of Credit with the potential liability to my home for 100K. I have used around 37K of the equity in my home for some basic improvements to the structure, i.e. roof, insulation, windows... etc...

The Insurance carrier wanted me to carry insurance for the full assessed value of the home.. around $750K + liability + plus if I fart in the wrong place coverage, etc.

It took me really reading the fine print in the policy and after weeks of back and forth for me to have my policy modified..

In all I insured the 100K potential of the Equity loan, got a nice umbrella, and a replacement value of the structure...

For less than the whole package that was being forced on me...

Saving copies of emails sent by some of the insurers less knowledgeable customer service reps was helpful

Get some quote from other Insurance extortionists...when you get the quotes mention that you own the property outright.. ( they will discover of course if there is lien on the property if you commit to buying extortion from them)