Word of advice - pull out your Home Owner's policy and check it!

[hedgehog]

We received our annual bill, and noticed that it still lists a mortgage against our house that was paid off. Not a real problem, just a real headache should we ever need to make a claim.

BUT! - we have our barn insured under a second policy, and just realized that there has been no automatic increase for inflation since we bought the policy in 1987. We're working on getting that changed, since the amount we insured it for would have to be stretched to cover a 2 car garage!

(The young woman answering the phone at the agency apparently doesn't understand the concept of inflation. She kept asking us why we'd want to increase the assessed value of the structure! We're hoping the agent is a bit more knowledgeable!)