insurance Archives

If you have a mortgage on your home when filing an insurance claim, the insurance company is required, by the terms of the policy, to make the check payable to you and any lienholders on the property. Why? Because the mortgage company has an interest in your home, and they...

Replacement Cost and Actual Cash Value. These are the two ways that insurance companies use to determine how much to pay you when you file a claim. The Actual Cash Value loss settlement will factor in depreciation of the damaged items when determining how much the insurance company should pay...

We recently fielded a question that came from a Facebook follower of ours. She asked if auto insurance covers the cost of a rental car if her car is ever stolen. This is a great question. If your car is stolen, and you’d like for your insurance to cover it,...

You may have seen the news where a 5-year-old boy from Kansas knocked over a sculpture that was on display in a community center. The art on display was valued at $132,000 and the community center filed the claim on their own insurance. Their insurance company then they sent a...

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