Wednesday, April 2, 2014
Property Insurance Pitfalls: Understanding Coverage
Home owners insurance is one of the most important pieces to building a solid financial future. Over the course of life our homes become one of our biggest assets providing shelter for our most important assets of all, our families. One common property insurance pitfall to avoid is knowing the actual coverage for repairs.
Review your policy to determine if repairs are covered at actual cash value also know as ACV or covered at replacement cost. The price difference between both terms of coverage is vastly noted. The cost of ACV is usually much lower than replacement. If you have more questions concerning your property insurance policy contact us at (561) 586-0029.