How can I lower the cost of my home insurance?
Ask what discounts you qualify for. Most companies give a package discount for insuring both auto and home on one policy. A discount for security
alarm, smoke detectors, deadbolt locks, and fire extinguishers may also apply. If you increase your deductible, your premium will decrease. Finally,
shop for home insurance just like for anything else. Make sure that you compare the same coverage limits.What coverage do I need?
Before you start looking for insurance decide on the coverage you need. If you need any additional coverage (for example a water back up or
earthquake) we can endorse it to your policy. We strongly recommend that you insure your home to 100% of its replacement cost. You will not be
reimbursed the full loss amount unless your home is insured at a minimum of 80% of its replacement cost.
What is the difference between "actual cash value" and "replacement cost" policy?
When your home is insured under the actual cash value policy, you are entitled to the depreciated value of the damaged property in case of a loss. The
replacement cost policy will pay to replace the damaged property at current prices.
Does my homeowner policy cover jewelry?
Your homeowner policy covers jewelry but only up to an internal policy limit (usually $1,000) for fire and theft. If the value of your jewelry exceeds
that limit, you will only be reimbursed $1,000. There is no mysterious dissapearnence coverage. We recommend that you schedule the jewelry items on
your homeowners policy and pay an additional premium to insure it up to its value.
Can I have a separate policy for my personal property?
You can purchase a separate personal schedule policy for jewelry, furs, and fine arts that you own.
What is covered under tenant's policy?
The tenant's (renter's) policy covers your personal property, personal liability, and medical payments.
What is "Loss Assessment Coverage"?
The loss assessment coverage is available as a part of a condo policy. It may be used when a condo association decides to collect a part of the total
expense for a roof (or other) repair from each unit owner. | 
