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Actual Cash Value (ACV) or Replacement Cost – What’s the difference?
Whether your Insurance Policy allows for Actual Cash Value or Replacement Cost is likely to have a large impact on your claim. Do you know which you have? Insurance policies are confusing to most homeowners, full of complicated terms, coverages, and limitations. One of the most confusing distinctions for homeowners is the difference between Actual…
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Understanding Your Deductible
Your Insurance Deductible is the amount that you are responsible for in the event that you suffer a claim, but there are many options to choose from. Here, we will go over some options that may be available to you. Your Insurance Deductible is the amount that you are responsible for in the event that…
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Common things that increase your Home Insurance rate
While finding out that your insurance premium has increased is never great news, sometimes there are things you can do to reduce the increase’s impact on you. For tips on doing this, we asked the experts! Many homeowners assume that their insurance premiums are calculated solely based upon the value of their home, but this…
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How is Flooding Different from Water Damage?
Flooding is a tremendously catastrophic event for any homeowner, but do you know how it is different from a Water Damage? Flooding is a tremendously catastrophic event for any homeowner, so it’s not surprising that they want to attempt to get everything put back together as quickly as possible. As these damages were the result…
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Is Insurance a Commodity?
As Insurance Companies compete on price, is that all there is to consider? Here we discuss why that may not be the case and the benefits of a Local Agent! A commodity is defined as a class of goods or services for which there is a demand but which is supplied without qualitative differentiation across…
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Landlord – What Does a Claim Mean to Me?
As a Landlord, you likely perform many repairs yourself, but what should you do in the event of things such as Water Damage, Mold, Asbestos, and Radon that require Professionals? As a Landlord, you quickly find that you wear many hats. From Property Manager, to Accounts Receivable and Billing, to Maintenance, your time is likely…
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Your Insurance Claims Questions answered on PA Live!
As PA Live’s Ask The Expert, we were recently on the show to answer some common questions about insurance claims and what you should expect from the insurance claims process! As PA Live’s Ask The Expert for all your indoor environmental concerns, we recently appeared on PA Live to discuss the insurance claims process, and…
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What To Do If A Tree Hits Your House
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Tenant – What Does a Claim Mean to Me?
As a Tenant, the thought of a claim can be incredibly scary, creating a lot of questions… But how does a claim affect you? As a Tenant, a claim such as Water Damage, Mold Contamination, Asbestos, or Radon, can be incredibly scary. Who is responsible for properly drying / mitigating and repairing your apartment? Can…
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Who Pays For Your Neighbor’s Fallen Tree?
Do you know who pays if your neighbor’s tree falls and hits your home? A storm rolls through the area and your neighbor’s tree falls into your yard and hits your house. While you immediately jump into action to prevent further damage, one question keeps coming up, whose Homeowners Insurance is responsible for this claim,…