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Home Owner Insurance Alert

Oct 16, 2012
We all have become familiar with replacement cost coverage for home owners insurance. To most of us it means if your home is totally destroyed that our insurance company will replace our home no matter what it costs. For example; if our home is insured for 200,000 and it is a total loss we expect our home owner policy to pay whatever it takes. Even if it costs 250,000 or more. First of all if you read the replacement cost provision in your policy it will set forth the requirements to have this coverage. One of them that is most often missed is that you must have your home insured for 100% of the replacement cost. If your home has a value of 200,000 and you only have 150,000 of coverage you have invalidated your replacement cost. Contact us and we will tell you how to have your replacement cost validated!
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1001 Weatherstone Pkwy Ste 440 Woodstock, GA 30188 | Phone: 770-928-9122 | Email Us | Get Map