Reconstruction Value of Home

Extended Replacement Cost coverage can ensure that your home will be rebuilt to the same standards as the original construction. This includes quality of materials and craftsmanship. Your house should not only look the same after a covered loss, but as closely as possible be the same.

Personal Property Coverage

Replacement Cost Coverage ensures that your personal property will be replaced after a covered loss, without deductions for depreciation. You should also have “all risks” coverage for your personal property, so that your belongings are covered for a wider array of perils than most standard policies allow. You should list expensive items, such as jewelry or fine art, separately.

Personal Liability Insurance

Personal liability is a part of your Homeowner’s Policy, and it is important to choose the appropriate coverage limit. In today’s litigious environment, you want to be sure that your assets are protected in the event of a lawsuit.

Coverage for Fences, Pools, Barns, and Other Structures

Most homeowner policies include only a minimum coverage amount for damage to fences, pools, detached garages and other structures that are not attached to the main house. Are you sure you have enough coverage to fully replace these items?

Flood and Earthquake Insurance

Most homeowners policies do not cover flood or earthquake damage. You should consider whether you need protection against those losses.

Older Home Coverage

Certain coverage features do not come standard with all insurance policies. That’s why it’s important to work with a specialist who understands the intricacies of insuring older homes. At Manry Rawls, we offer insurance options designed exclusively for older homes including:

• Guaranteed Replacement Cost Coverage: Coverage of the full cost of restoring your home to its original quality, even if that value exceeds the coverage amount on your homeowner policy.
• Ordinance or Law Coverage: Coverage for the cost of bringing your home up to code in the event of a partial or total loss.
• Assistance (in/with) Determining Replacement Value: A simple “room estimator” does not begin to account for the unique features in older homes. Your Manry Rawls Personal Insurance Consultant can help you determine your home’s true replacement needs.