Category: Uncategorized
Homeowners Insurance Q&A
Posted: August 23, 2021
Questions about homeowners insurance? You’re not alone. Below are answers to some of the most common questions we’re asked about homeowners insurance. What’s NOT covered by my homeowners policy? Typically, coverage does not apply to damage caused by flood, surface water, water that backs up through sewers or drains, earth movement. Personal liability and medical payments do not apply to the operation, ownership, or use...
Why Are My Premiums Increasing?
Posted: August 2, 2021
Even if you aren't moving or remodeling, the increased cost of building materials will affect your home insurance coverage in multiple ways. How Pandemic-Triggered Home Inflation Costs Are Impacting Premiums The real estate market is HOT! And prices for new and existing homes are at record highs. With everyone moving, upgrading, and remodeling, home insurance is more top-of-mind—and more important—than ever. But despite Covid protocols...
Cash Settlement for Home Claims
Posted: June 15, 2021
Cash Settlement for Home Claims Replacement Cost Settlement Most of us don’t have home claims very often—but when we do, the types of coverages we have in place are important. The majority of insurance companies pay claims on a depreciated basis until the loss is repaired or replaced. Assuming 50% depreciation, a home loss of $100,000 after deductible would be paid at $50,000 up front—with...
