Earthquake Loss Assessment is a coverage that is typically associated with Condominiums and Townhouses. The building portion of a condominium or townhouse is usually insured by the homeowners association (HOA). The contents and improvements of each unit are insured by the unit owner. An earthquake loss assessment would be the result of damage to the…
Switching Insurance Companies is a very normal aspect of having insurance; Rates go up and down (mostly up), underwriting criteria change, people move, sell a car, buy a car, sell a house or buy a house. There are many reasons why an individual may choose to cancel a policy, but before your cancel your policy…
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%).…