Your tree, your neighbor's property: Whose insurance pays?
Your tree falls on your neighbor’s property, who pays?
What does today’s hot real estate market mean for your homeowners insurance?
In today’s market, do you currently have enough insurance on your home?
Why choose a carrier that specializes in high-value homes?
High-value home insurance is not triggered by the market value of a home but rather by the cost to rebuild it.
Extended Replacement Cost
The “Extended Replacement Cost” option on your homeowners policy can help to cover these additional costs.
Loss of Use
A standard part of every homeowners policy is the “Loss of Use” or “Additional Living Expenses” coverage, also known as Coverage D on your policy. When your home is extensively damaged by a named peril in your insurance policy, like a windstorm or fire, and you can no longer live there, Coverage D kicks in.
Actual Cash Value vs. Replacement Cost
If a policy uses an Actual Cash Value (ACV) determination, then it calculates the cost to replace a roof less depreciation based on age, condition, etc.
All water damage is not the same
Not all water damage is the same; some damage is covered, other damage is not. You need to make sure you are carring the correct coverage.
What to do when you are faced with storm damage
Check on your insurance now if you have not had any storm damage. Before storms hit, another important step to take is to check to make sure you have the proper insurance coverage you would need in the case of a direct hit from a tornado or other severe weather.
