Condo Additions and Alterations, also known as Building Improvements are the fixtures from the inside walls in that make the unit livable. They include but are not limited to the Cupboards, Counters, Sinks, Toilets, Flooring and Light Fixtures. Sometimes depending upon the homeowners association’s master insurance policy they may be the upgrades, granite instead of…
When you shop for a Homeowners Insurance Policy one of the first things an agent will do before a quotation is given is try to determine the accurate building replacement cost of your home. This is not an easy task as the cost of building materials, the quality of construction and the cost of labor…
Your Loss of Use coverage may not be what it is cracked up to be. Loss of Use coverage is typically 20% or 30% of the amount of coverage that you have on your dwelling. So, if your house is insured for $100,000.00, your Loss of Use coverage would be $20,000.00 (20%) or $30,000.00 (30%).…