Replacement Cost or Actual Cash Value Coverage

Replacement Cost or Actual Cash Value Coverage

If you had a home fire that destroyed your home theater room and everything in it, will your homeowners insurance cover the cost of replacing your furniture and all your electronics? The answer: it depends. Actual Cash Value (ACV) If you have “Actual Cash Value”...
Auto Insurance Rates on the Rise

Auto Insurance Rates on the Rise

Car insurers are rapidly raising rates to try to get ahead of inflation, which has boosted the prices of car repairs, replacements and rentals. Many insurers are boosting premiums by 6% to 8% while some are asking for double-digit increases, according to industry...