What does 100k 300k 100k mean?
What does 100k 300k 100k mean?You should have at least 100,000/300,000/100,000 split limit coverage. That means: $100,000 of coverage per...
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Is homeowners insurance based on square footage?
Is homeowners insurance based on square footage?Your homeowners insurance premium may be influenced by: Your home's square footage: Larger homes...
What is over and under insurance?
What is over and under insurance?The major differences between under and over insurance can be summarized as follows: Through under...
What is average policy?
What is average policy?Average policy refers to a policy followed in fire insurance which states that the insurance company will...
What are the consequences of under insurance?
What are the consequences of under insurance?Potential losses could be exacerbated if the insurer applies the 'average' principle to a...
Is a $2500 deductible good home insurance?
Is a $2500 deductible good home insurance?Is a $2,500 deductible good for home insurance? Yes, if the insured can easily...
What does 100 replacement cost mean for insurance?
What does 100 replacement cost mean for insurance?Replacement Cost Coverage When you insure your home to 100% of its replacement...
Why is home insurance so expensive?
Why is home insurance so expensive?In addition to industry-wide price increases, your home insurance quotes may also be high because...
Does replacement cost include depreciation?
Does replacement cost include depreciation?While both types of coverage help with the costs of rebuilding your home or replacing damaged...
Is home insurance based on the value of the house?
Is home insurance based on the value of the house?The actual cash value in a homeowners insurance policy is based...
