#8 Raising Limits
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I was remodeling my house, so I took out a loan and had to get the house appraised. I found out that my house was worth $100,000 more than I had it insured for. I raised my limits on the homeowner’s insurance to $50,000 more than the appraised value, in anticipation of the renovations. Two weeks later, the house burned to the ground due to a faulty bathroom fan that I did not touch.
Credit: cory89123