Helping You Better Understand Insurance
Ever wondered why the number on your insurance policy doesn’t match the price tag of your dream home? Well, you’re not alone. Today, we’re diving into the nitty-gritty of Replacement Cost and Market Value. Trust me, it’s not as boring as it sounds! To understand the difference, you must first understand what each one is Read more about Replacement Cost vs Market Value in Home Insurance: The Real Deal.[…]
While no one anticipates being held liable for accidents that occur at home, having liability coverage can offer financial protection in case the unexpected happens. imagine a scenario where someone falls down your stairs. In the event that you are deemed legally responsible for the accident, you could potentially be held liable for
Choosing between replacement cost and actual cash value can be very difficult. However, the information provided above should allow you to make the best informed decision on which kind of coverage is most suited for your situation.
There’s a particular coverage of homeowners insurance that is essential to ensure you have all the coverage you need – and not having it could leave you out of pocket for thousands and thousands of dollars, in the event of a covered loss.