Do I Need Flood Insurance? I’ve agonized over writing this blog in light of hurricanes Harvey and Irma. Part of me is afraid of people thinking I’m taking advantage of the situation. The other part of me is screaming that people are finally paying attention to something very important and if I don’t Read more about Do I Need Flood Insurance?[…]
One of the things that can make insurance difficult to understand is all the different limits on any given policy. For instance, the typical homeowners policy has five basic coverage categories. Most people only pay attention to two of the five: the dwelling amount and the personal property amount. I totally get it. The reason Read more about What Other Coverage Options Should You Consider in Your Homeowners Policy?[…]
I get it. No one likes to pay deductibles. Heck, I’m an insurance agent, and even I don’t like to pay deductibles. But deductibles are part of the way insurance works. They have been around for ages, and they’re not going anywhere anytime soon. So the best thing you can do is to educate Read more about How Do Deductibles Work On My Home Owner’s Policy?[…]
Market Value The first home value that everyone thinks about is market value. This is a ballpark estimate of how much your house is worth on the real estate market. Everyone wants this value to be as high as possible. Am I right? Even if you’re not going to sell to see your Read more about How Much Dwelling Coverage Do I Need on My Home?[…]
A Recent Story Recently a couple in our community had a massive fire. The fire started from an electrical short in their wiring and burned through their attic, kitchen, one bedroom and part of their living room. The damage left them with debts totaling around $120,000.. The payout for their claim totaled approximately Read more about How Do Actual Cash Value Policies Payout Claims?[…]
You have two choices when it comes to a home insurance policy–Replacement Cost Policies or Actual Cash Value (ACV) policies. I’m not a big fan of Actual Cash Value policies. The reason I don’t like those type of homeowners policies is because they don’t meet most people’s expectations. Sure there’s the occasional person who Read more about How Do Home Insurance Replacement Cost Policies Pay Out?[…]