insurance

While many property owners understand the need for contents coverage, they often face challenges determining whether they have enough insurance. Homeowners and businesses often don’t have the time to inventory and price all their furnishings and equipment. They also may lack the expertise to decide how much coverage they need. To help policyholders address this…

hen you pick a policy, you should have three options to choose from: Actual cash value, replacement cost, or guaranteed/extended replacement cost. When you go with the “actual cash value” option, you’ll be reimbursed for the actual cash value of your home and possessions. Keep in mind, the insurance company will detract some value for depreciation depending on…