Many people believe they have too much insurance on their house because they do not owe as much as replacement cost or because the market value of their home is not the same as replacement cost. There are a few things we need to understand: Why should I have replacement cost on my home? The best way for me to answer this is to ask some questions:
Unless you or someone you know has ever been through a claim or major disaster, these are some items you may not have realized. And if you have been through a major disaster like a home fire or hurricane, you know you can never have too much coverage. It’s also important to know what you are covered for and what’s not covered. Be sure to ask your insurance agent about your policy and coverage’s to help avoid surprises. Review you policies exclusion when you receive the policy. Ask your insurance to help you understand what may be confusing. Remember, your insurance agent is a licensed professional designated to know and discuss your coverage’s.
Homeowners 101: What are the Main Factors of Home Insurance?
09/15/2012
When you are looking for homeowners insurance to protect your new house, it is important to understand the factors that are covered by a basic policy. Although coverage will vary between companies,...
Read More →
What is Recommended to do in Order to Protect my Assets if I am Sued?
11/22/2012
If you are being sued due to an auto accident or an accident that takes place in your home, then it is important to know what you need to protect your assets. By taking action to keep your personal...
Read More →
Majority of Consumers Are Satisfied with Online Insurance Quotes
11/19/2011
Recent reports reveal that in the United Kingdom, over 85 percent of all homeowners are happy with researching online insurance quotes and purchasing their home insurance policies either from an in...
Read More →