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...
Homeowners Insurance Claims: The Inside Scoop
Posted: April 2, 2012
Tennessee beware! Too many homeowner claims may very likely mean trouble for you later! I recently spoke to an individual who had a number of claims on his homeowners policy. He said, “I pay a lot for my insurance and I expect to get something back for my money.” As a general rule, homeowners insurance is not meant to be a maintenance program. It covers...