What Does “Replacement Cost” Mean?
When you buy insurance, you have two options when it comes to the type of coverage you can obtain. The insurance company will ask you if you want replacement cost or cash value coverage. You might not ...
Insurance Tips for First Time Homeowners
Buying your first home is exciting, but it also comes with a lot of responsibility. If you take out a mortgage to buy the home, the mortgage company will require that you carry homeowner’s insurance. ...
Roof Damage and Homeowners Insurance – What Does it Cover?
As a general rule, homeowners must maintain their home. This includes things like the roof. If you don’t properly maintain it, your homeowner's insurance isn’t going to cover it. For example, if you ...
Do Home Insurance Companies Offer Discounts?
If you own a home, you need homeowner’s insurance. If you have a mortgage, it’s required. Even if you don’t though, you should protect your investment. What if the house burned to the ground or ...
Creating Home Inventory – What you Should Know
Do you have a list of your home belongings? What would happen if you lost everything in a fire right now? Would you know what you lost? Chances are that you wouldn’t be able to name everything, ...
What Value Does Insurance Pay – RCV or ACV?
Do you know if your homeowner’s or auto insurance pays actual cash value or replacement cost value? If not, it’s something you should know as it affects how much the insurance company pays if you need ...
