| A Home Sellers Service From CLHLLC |
INSURANCE-home center
continued
SPECIAL COVERAGE
Flood Insurance. Covers flood damage to your home and contents.Lenders make sure you have this insurance if you live in flood area. Official maps by the Federal Emergency Management Agency (FEMA) show whether you need this insurance. Flood insurance, sold by the insurance company,is really provided by the National Flood Insurance Program, which is managed by FEMA.
Hurricane Insurance. In Florida your home may or may not be covered from named hurricanes depending on how close you live to the coast. Many companies will not provide any hurricane insurance for property in these Wind Zones.
In 2002, the Florida Legislature created Citizens Property Insurance Corporation (Citizens), to provide insurance to homeowners in high-risk areas who cannot find coverage in the private insurance market. This program is not having much success and is being re-assessed by Florida.
Also, the Federal government is trying to set up a program to improve insurance coverage from Hurricane and other major disaster loss such as earth quakes.
GET DEANE'S PACKET OF 15 HOME INSURANCE ARTICLES Email a request to D-HARKER@COMCAST.NET |
HOW MUCH MONEY WILL INSURANCE PAY
Actual Cash Value. Your home and property are covered for the depreciated amount of the repair or replacement value. Least expensive.
Extended Replacement Cost. Your home and property are covered up to a specified amount. If your home needs to be rebuilt, then this pays up to the limit. Our home is covered this way. The insurance company computer calculates the replacement cost and sets this as the upper limit. Then you may increase this amount by increasing your premium.
Guaranteed Replacement. No maximum amount. For homes with special or unique construction, that cost more to replace than normal. This coverage cost the most and pays the most.
GIVE “CHRIS” A CALL TO DISCUSS HOME SELLING
AND START YOU ON THE ROAD TO A SUCCESSFUL HOME SALE
YOU CANT MISS WITH CHRIS Call him today! OK?
