Category: Home Owners Insurance
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Is a slow leak in plumbing in the foundation covered in a home owners insurance policy?
Short answer: Usually not — unless it caused sudden and accidental damage. 🏡 What an Home Owners Insurance Policy Typically Covers: An Home Owners policy generally covers “sudden and accidental” water damage, but it usually excludes: So if the leak: …it’s probably excluded under standard language like: “We do not cover loss caused by constant… Read more
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How does home owners insurance work when the house is owned by “the estate” of someone who is deceased?
it can get a little tricky. Here’s a simple explanation of how homeowners insurance typically works when the house is owned by “the estate” of someone who has passed away: ✅ 1. The deceased’s homeowners insurance policy usually continues temporarily.When the homeowner dies, their existing homeowners insurance doesn’t immediately cancel. It usually stays in force… Read more
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Understanding Actual Cash Value vs. Replacement Cost Value in Homeowners Insurance
When it comes to protecting your home and belongings with insurance, one important decision often gets overlooked: whether to choose Actual Cash Value (ACV) or Replacement Cost Value (RCV) coverage. Understanding the difference between these two options is critical because it affects not only the cost of your premium but also how much you’ll receive… Read more
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Understanding Actual Cash Value vs. Replacement Cost Value in Property Insurance
When it comes to property insurance, understanding how your policy will reimburse you after a loss is crucial. Two common valuation methods used by insurance companies are Actual Cash Value (ACV) and Replacement Cost Value (RCV). The difference between these two can significantly impact how much you receive after filing a claim. What is Actual… Read more
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Protect Your Home, Protect Your Memories: The Power of a Home Inventory Video
When it comes to protecting your most cherished possessions, preparation is key. If the unexpected happens—a fire, theft, or natural disaster—having a detailed record of your home’s contents can make the insurance claims process smoother and faster. 📹 The Solution? Make a Home Inventory Video! Here’s why it’s worth your time: 1️⃣ Comprehensive DocumentationA video… Read more
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How to Use Term Life Insurance to Create a Mortgage Protection Plan
A home is often the largest investment many people make in their lifetime. For most homeowners, a mortgage is a significant financial commitment that spans decades. But what happens if a primary income earner passes away unexpectedly? Without a plan in place, loved ones may struggle to keep up with mortgage payments, potentially facing the… Read more
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Does Your Home Business Need Insurance? Protecting Your Work and Family
Running a home-based business comes with numerous benefits, including convenience, flexibility, and reduced overhead costs. However, it also introduces unique challenges and risks that can impact both your professional and personal life. One of the most critical aspects of safeguarding your business and household is ensuring you have the right insurance coverage. Let’s explore why… Read more
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Flood, Fire, and Theft: What’s Really Covered Under Your Home Insurance Policy?
Your home is likely one of your most valuable assets, and protecting it is a top priority. But do you know exactly what your home insurance policy covers? Many homeowners are surprised to learn that certain disasters, like floods, aren’t included in standard policies. In this blog, we’ll explore three major risks—floods, fires, and theft—and… Read more
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Home Renovations and Insurance: What to Know Before You Remodel
When planning a home renovation, it’s easy to focus on design and construction details—choosing the perfect tiles, paint colors, or appliances. However, an often-overlooked aspect of remodeling is how it affects your homeowners insurance. Renovations can increase the value of your home, introduce new risks, or require additional coverage, making it essential to address insurance… Read more
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Bundle Up: How to Save Money by Bundling Home, Auto, and Life Insurance
In today’s fast-paced world, managing multiple insurance policies can feel overwhelming. Home insurance, auto insurance, and life insurance are essential for protecting your assets and loved ones, but juggling separate policies can lead to missed opportunities for savings and streamlined management. Bundling these policies under one insurer offers a practical and cost-effective solution that not… Read more