How many times have you watched the news, to see complete devastation from raging flood waters, and think to yourself, that can never happen to your home? You know, the aerial views of just the rooftops of endless homes, submerged in nothing but muddy water? You justify your thoughts with statements such as “ I do not live in…
Did you know………..
Has a rock ever hit your windshield, and cause a “chip” , and you thought to yourself, “Oh well, I will deal with this later?”
Please do not wait. Why? Because it can be repaired, and it will not cost you anything, as long as you have comprehensive coverage, under your automobile policy. Insurance companies will waive…
In the last year or so, home prices have fallen dramatically from their mid-decade peak. Why haven’t home insurance rates followed suit? With the current downturn in the real estate market, you may wonder why declining property values are not matched by a similar decline in the cost of home insurance. The fact is, your home’s market value is…
When a covered loss occurs, how do I get paid?
A covered loss is paid after the policy deductible is exhausted on the following the basis:
- Actual cash value basis (replacement cost less depreciation)
- Replacement cost (replacement of like kind and quality)
- Stated value (value is stated in policy prior to covered loss and depreciated from…
