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What Is A Coinsurance Clause In A Home Insurance Policy?

Looking At Home Insurance Policy Coinsurance Clause

A coinsurance clause is an extremely important part of your home insurance policy. But unfortunately, many homeowners still don’t understand how coinsurance clauses work or what they mean. Today, we’re helping you solve that problem by explaining everything you need to know about coinsurance clauses in home insurance policies. Most Property Insurance Policies Contain Coinsurance […]

Everything You Need To Know About Tornado Damage Insurance Claims

Insurance Claim on Tornado Damage in Texas

Tornadoes can occur in many parts of Texas. Most homeowners will go their entire lives without ever having to worry about tornado damage. Nevertheless, every year, thousands of homeowners across America have to file tornado damage insurance claims. Today, we’re going to clarify the process for you and explain the most important things you need […]

Actual Cash Value Versus Recoverable Cash Value Definitions: Everything You Need to Know

Insurance Claims Cash Value

Insurance policies have two different definitions of value: Actual Cash Value (ACV) and Recoverable Cash Value (RCV). These two definitions will play a significant role in your insurance claim. Today, we’re explaining the difference between these two definitions – and how those differences could affect you. The Difference is Whether or Not Depreciation is Covered […]

Understanding Your Insurance: 6 Common Myths About Home Insurance Coverage

Home Insurance Policy Contract

Your home is your most important investment. You have home insurance to protect that investment. But do you really fully understand your insurance coverage? Insurance policies can often be ambiguous, or hard to understand – sometimes quite intentionally. Today, we’re debunking some myths many people believe about home insurance. 6) Myth: Everyone Exaggerates Their Losses […]

5 Surprising Things You Need to Know About Wind Damage Insurance Claims

Roof Wind Damage

Wind damage insurance claims can be tricky. Some insurance policies go into tiny detail about the type of wind damage that’s covered. Today, we’re helping you understand your insurance policy by explaining 5 important things you need to know. 5) Most Insurance Policies Cover Wind Damage The average homeowner’s insurance policy will cover wind damage […]