Home Insurance Archives - Page 7 of 10

Many times, people are surprised to see that the check received as settlement for their home insurance claim has a line item deducting for depreciation. This can happen even if the policy is a replacement cost policy. However, if you do have a replacement cost policy the depreciation is typically...

I recently had a customer ask if a claim was ever made for personal property what is needed to actually obtain that amount to replace the covered items. In a standard Florida homeowners insurance policy, there is a section called the “Conditions” section. In the conditions section is a paragraph...

We were recently going over the personal property coverage with a first time home buyer and he said, “if my house burns down and my car is in the garage, will my home insurance cover it.” And the answer is…..unfortunately, no. In a standard home insurance policy there is a...

Today we’re talking about high points of hail damage. The first thing you need to know is that hail damage is typically covered under a standard HO3 policy. The HO3 policy is the policy that provides coverage for sudden and direct losses unless the cause of the loss is a...

Did you know that many insurance companies have verbiage in the policy that will cap payouts from water damage at $10,000 on older homes? In this situation, we’re not talking about water back up but rather damage caused by pipes breaking or leaking, appliances leaking, roofs leaking, etc. You see...

Did you know the roofing material on your home can impact your insurance? This topic is especially important if you’re looking to purchase a home. Insurance companies have a ton of data on the degradation of roofing material. There is a high correlation between the age of the roof and...

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