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.
Agent Advice - Will A Car Alarm Lower My Insurance Premium?
10/05/2011
Yes it can, but maybe not as much as you might expect. A car alarm is a theft deterrent. And in some cases will prevent vandalism. These are perils that are covered under the Comprehensive or Ot...
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Agent Advice - Replacement Cost Vs Market Value
10/07/2011
What one question do I answer most often, besides billing question? Why are you making me insure my home for more than it’s worth? I cannot sell my home for that price, or I do not owe that much ...
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Agent Advice - There’s too much insurance on my house
09/29/2011
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. T...
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