Home Insurance
Flood Insurance vs. Water Back-Up Coverage
The Difference Between Flood Insurance And Water Backup Coverage WATER DAMAGE VS FLOOD VS WATER BACKUP INSURANCE Picture this: you leave for vacation and, after a wonderful time with rest and relaxation, you bring your dirty laundry down to the basement only to discover you are knee-deep in standing water. Later, you discover that a frozen pipe burst and filled the basement.…
Read MoreUnderstanding the Coinsurance Requirement in your Home Owners Insurance Policy
The Coinsurance requirement 80%, 90% or 100% Rule is a promise from a customer to an insurance carrier that you will insure your home 80%,90% or 100% of the replacement cost. If your home is underinsured, a coinsurance penalty will be calculated in the claim settlement and will be much more costly than a property…
Read MoreOwn a home? Here are two policy options you should know about
If you have a homeowners policy, you probably expect it to cover all the costs of rebuilding your house in case it’s damaged or destroyed by a covered hazard. But are you certain you have enough coverage? Read about two common situations you may be unaware of — and the affordable options that can help…
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