What is home insurance? | US News

Understanding your home insurance deductible can help you decide the best way to protect what may be the most expensive purchase you’ve ever made. Unfortunately, it’s not always easy to understand the fine print of your policy. Read on to learn how a homeowner’s deductible works, how it affects your premium, and how much deductible … Read more

What is personal liability insurance?

While many people are familiar with standard homeowners and renters insurance policies, they may understand less about personal liability insurance. These homeowners and renters may be surprised to learn that, in many cases, personal liability insurance is a component of their policies. Simply put, personal liability coverage protects you and your property if you are … Read more

What is a homeowners insurance premium?

When it comes to homeowners insurance premiums, there are many variables. Understanding the various components that go into factoring premiums can help homeowners make an informed decision and, in some cases, find ways to lower homeowners insurance costs. What is a homeowners insurance premium? When insurers talk about homeowners insurance premiums, they are referring to … Read more

Actual Value vs. Replacement Cost

Homeowners, renters and condo insurance is designed to reimburse you for losses caused by a covered peril. Depending on the type of claim you file, your insurer will determine the cost to replace or repair your belongings or home by looking at actual cash value (ACV) or replacement cost value (RCV). Claims related to the … Read more

What is umbrella insurance? | US News

Your home or car insurance can protect you financially if you are responsible for hurting someone or damaging their property. But what happens if your liabilities exceed the coverage limits of your policy? That’s where umbrella insurance comes in. A personal general insurance policy can help protect your assets in the event of a major … Read more

What is condo insurance? | US News

If you own a condo, cooperative, or townhome, you may need to purchase a condo insurance policy. Like homeowners insurance, condo insurance can protect your home, furniture, clothing, and valuables in the event of a covered peril or peril. It can also protect your assets from liability claims and pay for temporary housing in certain … Read more