Understanding the difference between Actual Cash Value (ACV) or Replacement Cost Value (RCV) can help you with planning for recovery in case you ever need to file a claim.
Newton, MA Insurance Agency News and Blog
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While certain areas are more prone to flooding, it can happen anywhere and at any time.
Lead coverage is almost always excluded by your insurance carrier if you are not compliant with the law. If you are compliant, depending on specific policy forms, you may or may not have lead coverage.
Coinsurance is the percentage of value that the policyholder (insured) is required to insure.
When you buy or lease a new car or truck, your vehicle starts to depreciate in value the moment you drive it off the lot. Statistically, most cars lose approximately 20 percent of their value within the first year.