Home’s value, replacement cost not interchangeable
When shopping for homeowner insurance, you may hear the terms “market value” and “replacement cost” multiple times. It’s important to have a grasp of the difference. They are not interchangeable.
Author Archives: Laura Lewis
- Profile:
- A senior risk management specialist in the Personal Lines department, Laura Lewis is assigned a territory that includes North Carolina, South Carolina, Georgia, Massachusetts, New Hampshire and Vermont. She has worked on high net worth home Inspections since 2013 and has been working on both middle market and high net worth home Inspections since joining risk management in 2015. She previously was a Personal Lines underwriter, having joined the company in 2003. She holds the Chartered Property Casualty Underwriter (CPCU), Associate in Personal Insurance (API), Associate in Insurance Services (AIS), Associate in General Insurance (AINS) and Associate in Reinsurance (ARe) designations.
Do you have adequate homeowner insurance coverage?
When you think of purchasing insurance, you may feel the most important factor is how much money you can save. But when you saved a few dollars on the front end, is that really what you will care about in the event of a total loss?
Spring checklist: How did your home hold up?
As the calendar turns to spring, it’s time to assess how your property weathered the winter. This is a good time to make a “to-do” list to prevent property maintenance and liability issues.