Agent
What is Other Structure Coverage?
Other Structure Coverage on a Homeowners Insurance Policy
Another common question asked in regards to a homeowners insurance policy is: “What is covered under the Other Structures coverage?” This coverage is pretty simple to understand, it is any structure on the property other than, or not attached to, the main dwelling. […]
Agent
Personal Property Coverage
Actual Cash Value vs. Replacement Cost
A Homeowners Insurance Policy has multiple coverages built into the base policy. One of the most important being Personal Property Insurance (usually coverage C). Personal Property Insurance covers any Property the Insured owns not including the Dwelling or additional structures. […]
Water Backup
“Why do I need Water Backup Coverage when I don’t live by water and my basement is always dry?”
Agent
Water Backup
Findlay, Ohio has had its fair share of water issues and as an Insurance Agent a common question asked regarding a Homeowners Insurance policy is: “Why do I need Water Backup Coverage when I don’t live by water and my basement is always dry?” To help answer the question, let’s start with understanding what Water Backup Coverage is.
Water Backup – when water is backed up into your home from a sewer, sump pump, or drain. […]
Replacement Cost vs. Market Value
“Why do I have that amount of coverage on my house when I paid “X”?”
Agent
Replacement Cost vs. Market Value
As an Insurance Agent, the most commonly asked question I get in regards to a Homeowners policy is: “Why do I have that amount of coverage on my house when I paid “X”?” This is a great question because it is rarely explained to the client. The answer is simple, when purchasing a home, the buyer (client) is only worried about the Market Value of the home. But when it comes to insuring the home it is important to insure it to 100% of the Replacement cost. […]