Real Estate Blog - Jacksonville home owners insurance

What you Don’t Know about your Homeowner’s Insurance Policy Could Cost you Big – Part II

Posted by Carey Frankel on December 3rd, 2008

Do you know what your homeowner’s insurance policy covers? More importantly, do you know what it doesn’t cover?

If you’re like most Americans, you have not given much thought to the details of your homeowner’s insurance policy lately. However, being unaware of your level of coverage can lead to a great deal of heartache and a large dent in your pocket.

Ask yourself the following questions to determine if you’re savvy about the details of your homeowner’s insurance policy:

Do you know whether your policy covers actual cash value or replacement cost value?

These two phrases can mean the difference between no out-of-pocket expenses should your Jacksonville home need to be repaired or replaced and falling short.

If your Jacksonville home is…

1998 Views, 0 Comments

What you Don’t Know about your Homeowner’s Insurance Policy Could Cost you Big – Part I

Posted by Carey Frankel on December 1st, 2008

Everyone who owns a Jacksonville home must have a homeowner’s insurance policy, yet these policies are often misunderstood. And unfortunately, most homeowners don’t realize their homeowner’s insurance does not cover specific things until it is too late.

Owning a homeowner’s insurance policy is just like any other type of insurance: there are different levels of coverage, different inclusions and certainly different exclusions. It is up you to educate yourself on the nuances of your homeowner’s insurance policy so that you will not find yourself stuck in a financial disaster should something happen to your home or your home’s belongings.

Am I protected from flooding?

No. Flood damage is not protected by a standard homeowner’s insurance policy, as was…

2198 Views, 0 Comments