18 - Friday, October 28, 1988 - North Shore News Don’t forget home insurance WHAT IS the most common thing that people forget about when building a home? Insurance. It’s odd that something so im- portant is left until the end or is forgotten altogether, but it hap- pens and it can cost homeowners dearly. It’s important to know what’s involved in insuring a newly-built home before beginning construction. It is important to know, first of all, how insurance rates are deter- mined. Normally, an insurance agent does not inspect your home and estimate on an_ individual basis. The rates are calculated for all of the homes in your area as well as the number of claims which arise in that neighborhood every year. So if you live in an area which is high target where, for instance, there is a high rate of burglaries, your rates may be higher. Rales also fluctuate according to how many claims a particular insurance company has had in the past year. If an insurance company has had to pay out on a lot of claims in the past year, the rates will be higher and if they’ve had a good year, the rates may be lower. Competition is also a factor, of course. The other factor which in- fluences rates is the replacement value of your home. You may be surprised when your insurance company wants to insure your $80,000 home for $125,000. See Save Page 13 *North Shore 4 Regency Dealer § complete B-plece dining room suite. 4-sides:2-arms Auble with 2 16"leaves 50” wide chhi Stanley 1 HENREDON Floor Tiles 8°x8" All modern colors Marble Tiles Lo Persian & Oriental Carpets 3 2236 West 41st Avenue (Kerrisdaie) Vancouver, B.C. (604) 261-3555 Wer were here yesterday, we are ‘here today, and we | will be here tomorrow. ! OUR N OWROOM __1S READY FOR YOU! Baluch 1'6"°x2'2” Baluch 3’x5’ $175 $99 Afghan 4'x6’ $440 $269 Afghan 6’x9” Afghan 8’x11’ SAVE 30% OFF TOTAL INVOICE! Ticket Includes fabric and labour on custom Price dra A an : . Kirman fine 3’x5’ $790 peries, upholsery and blinds Shira 7°x10" $1950 Heriz 10°