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