Compare Deductibles

On each claim you have to pay deductibles from your own pocket and it applies only to coverage on your house and personal property. Make certain when picking up a policy that you are at ease paying the deductible if you make a claim. Keep in mind, a policy with a $100 deductible will cost more than one with a $250 deductible. Higher deductibles may be offered at a cheap price.

Replacement Cost or Actual Cash Value

You have the choice to opt for whether to insure your home and belongings for either replacement cost or actual cash value. Replacement cost is the sum that would take to change or reconstruct your home or repair damages with materials of same kind and quality, exclusive of deduction for depreciation. It is important to insure your home for at least 80 percent of its replacement value. Actual cash value is the amount it would take to repair or replace damage to your home after depreciation.