How much do you know about your homeowner’s insurance policy? 🏡

Insurance can be confusing and overwhelming—but taking the time to ensure you have the coverage you need can save a lot of heartache.

One of the most important factors to understand is how you will be reimbursed for a covered loss. There are two primary coverage options:

💰Replacement Cost – Reimburses you for the current cost of rebuilding, repairing, or replacing your damaged property

💰Actual Cash Value – Reimburses you for the replacement cost minus depreciation, which means the reimbursement amount will be reduced to account for the property’s age and typical wear and tear

While a policy with Replacement Cost coverage is typically more expensive, it offers a higher level of protection against loss.

Are you in the market for homeowner’s insurance? Contact us for a referral to a trusted insurance broker who can explain your options.

📲 Click here to call 904-373-8033
📧 Click here to email loismarris.realtor@gmail.com

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