Understanding Water Damage Insurance Coverage And Claims

Flood Water Damage To Homes

Water damage is the second largest type of insurance claim. According to the International Standards Organization (ISO), the percentage of water damage claims is increasing. People have many questions about what a home insurance policy covers and why ‘gradual damage’ is not covered. Exceptions in an insurance policy for water related damages make the topic […]

The Best Water Damage Insurance Claims Tips

Flooding Water Damage Hurricane

Water and flooding cause more damage than any other cause of loss. Furthermore, insurance claims for water damage are the most complicated when it comes to determining if coverage applies or the amount that’s covered. Almost every insurance policy excludes certain types of water damage. There may be exclusions such as “wind-driven rain” specified in […]

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 […]

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 […]

Everything You Need to Know About Wind-Driven Rain and Home Insurance

Wind Driven Rain

“Wind-driven rain” is one of those terms you’ve probably never thought about until you buy home insurance. In fact, many people have never even heard of the term “wind driven rain” until they realize their home insurance policy doesn’t cover it. By then, it may be too late. Today, we’re going to explain everything you […]