When you purchase homeowners insurance, you are buying peace of mind that your home and belongings can be restored in the event of a covered loss. An important factor to consider when shopping for your homeowners insurance policy is “actual cash value” vs. “replacement cost” coverage. Most policies will reimburse you for the actual cash value of a covered loss to your property; however, many times the actual value of an item falls short of the amount needed to replace the item. We recommend the Personal Property Replacement Costs (PPRC) endorsement for your personal property, rather than actual cash value. PPRC provides coverage in the event of a covered loss, which can replace your contents at today’s prices.

Taking inventory of your personal belongings may help you assess if you have enough coverage for the contents within your home. Keeping an updated inventory of your valuables and associated costs will not only help you recover those costs in case of a loss, but it may also expedite your claim.

Need further assistance on additional Homeowners or other insurance products? Call us at
1-888-878-8875; a licensed Insurance Specialist will be able to assist you.