What are the benefits of going through a local insurance agent?

Your local insurance company may be able to offer more competitive rates because they do not have large expenses for operating, such as a large number of employees, benefits and advertising budgets, they may be able to pass on the savings with lower premiums.

What is a deductible?

The deductible is a predetermined amount you are responsible to pay out-of-pocket before the insurance company will pay for a covered cause of loss.

How does a deductible work?

The deductible is the fixed amount you are personally responsible for paying before the benefits of your policy begin to handle the claim. It is usually the case that the higher the premium, the lower the deductible, and vice versa. 

What is "RC?"

RC stands for Replacement Cost. It is the cost to replace the property on the same premises with other property of comparable material and quality used for the same purpose. This applies unless the limit of insurance or the cost actually spent to repair or replace the damaged property is less.

What is "ACV?"

ACV stands for Actual Cash Value. This coverage pays you what your property is worth today. Actual cash value is calculated by taking what it would cost to buy your property new today, and subtracting depreciation for factors such as age, condition and obsolescence.

What is the difference between RC and ACV?

The only difference between replacement cost and actual cash value is a deduction for depreciation. However, both are based on the cost today to replace the damaged property with new property.

What is Service Line Coverage?

This is insurance against unexpected expenses related to the damage of service lines on your property, such as power lines, phone and cable lines, water and sewer pipes and more. It covers the potentially costly expenses of excavation and repair of underground wiring and piping.