Tennessee Homeowners Insurance 101
Posted: July 10, 2014
Homeowners insurance policies have exclusions, this is where endorsements come into play. There are various endorsements that can (and should) be added to your Nashville home insurance policy, depending on your individual home. These endorsements include: Replacement cost - dwelling and contents to restore pre-loss conditions Back-up of sewer & drains - pays for sewer damages and clean up Sinkhole Scheduled personal property - such...
5 Things To Check On Your Nashville Homeowners Insurance Coverage
Posted: June 20, 2014
You hope it never happens, but if your home was ever destroyed, you want to know that you're fully covered. Unfortunately, many people find out after the fact that they are underinsured. To avoid this happening to you, check out the following: Do you have full replacement value coverage if your home suffered a complete loss? Many policies gamble on your home being salvageable and...
History Of Fire Insurance
Posted: March 5, 2014
The earliest known fire insurer in America dates back to 1735. The Friendly Society for the Mutual Insuring of Houses against Fire was based out of Charleston, South Carolina. The society was not formed with the intention of achieving a profit, but more as an outgrowth of volunteer fire-fighting organizations. A premium of one percent was paid into a fund that was invested until...
Top 10 Problems With Homeowner Insurance
Posted: April 3, 2013
Actual Cash Value vs. Replacement Cost for roof claim – More and more Insurance companies are reducing coverage for your hail damage claim. Instead of paying for a new replacement roof, many companies are paying a depreciated settlement, or Actual Cash Value. This means that your 10 year old roof may only be worth $2500 in actual value (used) but it may cost...
Building Code Ordinance Coverage: Don't Get Stuck Holding The Bag
Posted: November 13, 2012
For most Tennessee homeowners, a fire is covered under their home insurance policy. No brainer, right? Think again. The problem is in your local Building Code Ordinance Laws - and the difference between what the laws were when your house was built and the current laws. Your insurance policy does not automatically pay to bring a newly re-built home up to code. The fact is...