You home is likely your largest personal investment. Your home is the place that you feel most secure and comfortable. The most effective way to protect that investment is with adequate homeowner’s insurance.
There are many options for homeowner policies and it is important that you select a policy that will provide the coverage that meets your needs. We have access to multiple markets and look forward to sitting down with you and exploring how we can properly cover your home.
What are options?
There are many different policy forms that cover the property differently. Each policy has different perils that it insures against. You can get a very basic policy that only covers a few perils or you can opt for a more robust policy that has much broader coverage.
In addition to the policy forms, you can choose an “Actual Cash Value” policy or a “Replacement Cost” policy.
- Actual Cash Value - The value of your home as it sits. This is not the cost to rebuild your home. For example, if you have a 10 year-old roof and have a hail claim, you will only be paid for a 10 year-old roof.
- Replacement Cost - This policy will pay to rebuild your house in the event of a catastrophe and in our previous example, your roof would be paid to replace (less your deductible).