Top factors that will increase homeowner’s insurance premiums
Every insurance company will assess the value of your home before issuing the home policy. The replacement value will be the main factor in determining the policy premium.
Homeowners 80% coinsurance clause & dangers of being underinsured
Insurance companies will not fully cover the loss if the house is insured for less than 80% of its replacement cost. It is called 80% rule or coinsurance, if you fall below it, it may cost you dearly.
Prevent Frozen Pipes and Water Damage
Winter is coming! When water begins to freeze, it expands. This can cause plastic and metal pipes to burst, likely leading to significant water damage to your home.
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