Why Do I Have to Insure My House or Building For More Than It’s Worth? Replacement Cost!

“My home is only worth $200,000, but the insurance company is making me insure it for $300,000.”  Why are they doing this? This is probably one of the most frequently asked questions I get.  It’s a fair question, but has an easy answer.  Your home or building is not insured for market value or appraisal […]

My Property Isn’t Worth That Much!

If you are a homeowner or own a building for your business, you may have asked yourself this question.  My house/building is only worth X, why in the world is my coverage so high?  This is one of the most frequent question I get asked by both homeowners and business property owners.  It often leads […]

Replacement Cost vs. Actual Cash Value

Imagine you are heading home from work and notice smoke coming from the distance.  As you get closer you see fire trucks and realize that the smoke is coming very close to where you house is located.  You start to panic and pull closer.  You realize that your worst fears are confirmed.  Your house has […]