Personal property coverage is an important part of your homeowners or renters insurance policy. However, it may not offer you adequate coverage for all your belongings. Read on to have an in-depth look at personal property coverage and how it can help protect your valuables.
What Kind of Protection Can I Expect?
Personal property insurance comes in two varieties: Replacement Cost and Actual Cash Value. With a replacement cost policy, the amount paid generally covers the cost of replacing the damaged property with new merchandise. An actual cash value policy reimburses you based on what that property […]
Multiple factors can impact the cost of homeowners insurance, sometimes causing it to rise even if the location of your home hasn’t changed. The main considerations that insurers look at to determine your premiums are your overall risk as a policyholder and your home’s replacement cost. If the cost of homeowners insurance in Thousand Oaks, CA, went up this year, there are numerous possible explanations for it.
I Don’t Live in an Area Where Tornadoes or Wildfires Are a Concern
Even if your home isn’t in a location that’s prone to […]
A standard homeowners policy is designed to cover damage caused to your home and its belongings due to a covered peril, such as theft, storm, fire, etc. Although this policy will provide much of the coverage you need, it is far from complete, especially when you live in a high-risk zone.
Earthquake, Hurricane, and Flood Coverage
Earthquakes, hurricanes, and floods are specific types of perils that only occur in certain areas. Because of the limited areas where they may strike, most standard homeowners policies don’t cover them. Instead, you need to apply for endorsements or an […]