Home owners Insurance

Policy limits and other related coverages

Your home owners policy premiums are determined by the primary coverage such as the dwelling (structure) and contents. There are many other coverage items in your policy that are tied into those values that may be just as important or even more important. Some of those coverage items may be increased independently others cannot. Here are some key ones […]

How to value your homeowners policy for condo units

For the most part when it comes to the valuation of insurance policies on condos the insurance companies allow owners to state their own value. Over insuring can be a big waste of money and under insuring can be devastating when your home is damaged. The biggest mistake homeowners make when valuing their condo units […]

Replacement cost (RCV) vs Actual cash value (ACV)

The difference between replacement cost and cash value coverage on your policy is very simple, replacement cost means you will receive an amount equal to what it would cost to replace a lost or damaged item vs cash value which means you will receive the value of the lost item at the time it was […]

Depreciation on insurance payments

In Florida most insurance policies are an the basis of replacement cost not cash value, some homeowners faced with higher premiums have elected to change some or all coverage to cash value (check with your agent). When your property is damaged under replacement  (RCV) you will receive the cost of a replacement item regardless of […]

Roof repairs and insurance policies

As a general rule your homeowners policy provides coverage for “sudden and accidental” damage to your property with the exception of a list of exclusions listed in your policy. When it comes to roof leaks the damages caused by the roof leak is covered but the roof repair is not. The roof leak is the cause […]

Water damage from storms

Most water damage from hurricanes is actually secondary to the wind damage but can be much more devastating. Once the wind creates an opening in your home the water starts coming in and can spread quickly extending the damage to other areas. Added circumstances such as loss of utilities can prevent proper cleanup leading to extensive mold damage and other […]

Hurricane season preparations

We all hear the same thing every year when hurricane season begins; be prepared. If you lived in an area effected by a hurricane you already know to get some basic supplies ready such as food, water and fuel. These preparations are important to provide security to your family and friends (and animals), but what […]

Post 2004-5 home purchasers beware!

If you have purchased your home after the most recent hurricane seasons dating to 2004 & 2005 you may be up for a surprise if we get hit with another major storm damage. Your insurance company may know more about your home then you do and may use that information to reduce or even deny damage […]

Leak detection

sometimes leaks are easy to find, a running toilet or broken pipe, but many times slower leaks are harder to find. On many occasions we find water in locations opposite to where the problem starts, since water has a way of traveling from one end of the house to another undetected under floors and inside […]

Are plumbing repairs ever covered by homeowners insurance?

Your homeowners policy protects your home from unexpected damages but not unexpected repairs. Your policy, for the most part, covers your for “sudden or accidental damage” to your property and expenses related to those events. So when are plumbing repairs covered? plumbing repair will always be covered if it is not the cause of the damage, in […]

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