Blog

Helpful tips, advice, information and fun facts on topics including safety, maintenance and homeowners insurance.
Florida Peninsula Insurance has policies in just about every city in Florida Get A Free Quote

Posts Tagged ' Replacement Cost'

We are pleased to present below all posts tagged with ' Replacement Cost'. If you still can't find what you are looking for, try using the search box.

Make Sure Your Home is Covered for All it's Worth

With your home being one of the largest investments you will make in your lifetime, it is important your home is properly insured for all its worth. A study conducted by Marshall & Swift, determined nearly two out of every three homes in the United States are underinsured. Upon reviewing your policy, you may find your current policy will only insure a percentage of the replacement value of your home. In the unfortunate event of a total loss, a gap in coverage could lead to a severe financial loss. What you need to know to make the right coverage choices:   Market Value vs Replacement Costs - Know the Difference Many believe their coverage limits are based on the market value of their home, as opposed to the replacement cost of the structure. When you insure your home based on its market value, you run the risk of having insufficient coverage. Market values are based on factors such as location, neighboring properties, school zones, and property taxes. However, these factors do not have ...

Popular tags: , , , , , , , , , , , , , ,