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Replacement Cost Coverage: Review and Revise As Needed!

I was recently asked by a friend to explain why his homeowner insurance coverage amount differed so much from the tax value and market value in his area. I’m betting there are many of you out there asking the same question!

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ACV vs. Replacement Cost: Which Coverage is Right For You?

Business owners have a multitude of responsibilities and concerns with running their own business. One of the most important decisions you will make as a business owner is how to adequately insure your property. Here’s a video link to “ACV vs. Replacement Cost:…

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Coinsurance 101: Sharing the Risk

You’ve heard of coworkers, cosigning, and cofounders.  But have you ever heard of coinsurance? The coinsurance clause is a provision which requires you to carry enough insurance on your property so the coverage amount is equal to a certain percentage of the property’s…

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Dwelling Value vs. Market Value: What Are You Insuring?

With home values significantly reduced for the past few years, I have grown accustomed to phone calls from customers insisting that the dwelling value listed on their insurance policy is way too high. They typically say, “I could never sell…

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Mother Nature Takes a Toll on Homeowners Insurance

If you’re like me, you’ve probably noticed an increase in your homeowners insurance premiums.  While it doesn’t make it any easier, it’s important for you to know that you’re not alone.  Most homeowners insurance companies across the nation are increasing…

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