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Monthly Archives: July 2006

Money 101, Lesson 19: Home Insurance

Wednesday, July 26, 2006

CNNMoney has a Money 101 series that it’s been running lately and the 19th lesson in the “class” focuses on home insurance. The points it brings up are pretty standard and while I don’t have much to add to it, I do think it’s important to review.
1. You’re a statistic.
To an insurer, you’re not a [...]

Filed in Homeowner's | Comments (0)

Actual Cash Value vs. Replacement Cost

Monday, July 10, 2006

This is one of those cornerstone ideas when it comes to homeowner’s and renter’s insurance, will your insurance company give you the actual cash value (ACV) of a loss or will they give you the replacement cost? The two are entirely different and it’s important that you review your policy to see what you have. [...]

Filed in General, Homeowner's, Renter's | Comments (0)

Double Check Your Home Insurance Deductibles

Monday, July 3, 2006

Did you know that hurricane and wind deductibles are typically percentages of your policy limit? It’s different than your other deductibles, which are typically flat dollar amounts, and so it would be important for you to investigate whether you want to adjust that limit. The percentages are usually in the 1 to 5% range, which [...]

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