Home FAQ's
Q: What is homeowners insurance?
A: Homeowners insurance is a form of personal lines insurance. The typical homeowners policy has two main sections: 1) covers the property of the insured and 2) provides personal liability coverage to the insured.
 
Q: What do I need to know when purchasing homeowners insurance?
A:
  • Get the amount and type of insurance that you need.
  • Determine the appropriate amount of property and liability coverage needed.
  • Select additional endorsements you may want to add to your policy.
 
Q: What is "actual cash value"?
A: When "actual cash value" is used in a policy, a policy owner is entitled to the depreciated value of the damaged property.
 
Q: What is replacement cost"?
A: When "replacement cost" coverage is used in a policy, a policy owner is reimbursed an amount necessary to replace the article with one of similar type and quality at current prices.
 
Q: Where and when is my personal property covered?
A: Coverage C of a homeowners policy provides named perils coverage. This applies to all your personal property (except property that is specifically excluded).
 
Q: Should I purchase flood coverage?
A: Yes, especially if your property lies in a flood plain as determined by US Government Flood Maps.