Understanding Deductibles

A deductible is the amount you're responsible for in the event of a covered loss. In most covered loss cases, you are responsible for any amounts up to your deductible level and your insurance would cover anything beyond that up to your coverage limit. For example, if you select a $1,000 deductible and have a $4,200 covered loss, you would receive a claim payment of $3,200 after deducting the $1,000. A homeowners deductible applies to each claim. If you have more than one claim in a policy period, you are responsible for the deductible amount for each individual claim regardless of the number of claims you have during that policy period. What are the different types of home insurance dedu

Rebuilding or remodeling your home?   Do you have appropriate coverage?

Your home is probably the single largest investment you'll ever make. By insuring your home, you are helping to protect your investment. Estimating the cost to rebuild your home will help you decide the amount of insurance you'll want to purchase. The primary factors that'll determine the cost to rebuild your home include: Local construction costs The square footage of your home and the number of bathrooms and other rooms The type of exterior wall construction-frame masonry (brick or stone) Type of roof Number of floors Special features like attached garages, fireplaces, exterior trim and arched windows Quality of materials and finishes throughout the home Increase the limit of your polic

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