As one of the most prized possessions of your life, your home needs insurance coverage that protects you from all types of unforeseen and/or unfortunate events.
Your Homeowner’s Insurance Policy will cover the following (amongst others):
FA traditional homeowner’s insurance policy does not cover all natural disasters such as floods and earthquakes. Whether you reside in a flood zone or not, you should consider flood insurance.
Homeowners Information:
Before getting an insurance quote, there is some additional information you may need to know
Replacement Coverage:
This ensures your properties would be covered with its actual cash value, which excludes the deduction for depreciation. This applies unless the replacement cost exceeds your policy limit.
Guaranteed Replacement Coverage:
This is an insurance policy with no limit on the coverage for dwelling. It covers the entire cost of repairing and replacing your damaged properties.
Actual Cash Value Coverage:
Under this policy, insurance company would only pay the cost minus depreciation of your damaged or stolen properties.