Security and Protection through your California Homeowners Insurance policy

Security and Protection through your California Homeowners Insurance policy

How much insurance is enough to fully restore your home in the event of a loss? Could you rebuild your home with the homeowners coverage you have now? Most homeowners just don’t know enough about building supply and labor costs to answer these questions. That’s why we want to be sure your home is properly insured to cover all rebuilding costs, even those that you don’t expect.

The way this is done is called “Insurance to Value.” this means determining the dollar amount of insurance needed to rebuild a home completely destroyed in a loss. The replacement cost of a home is usually going to be greater because it generally costs more to replace a home than to buy or build a new one. The right California Homeowners Insurance expert will help you ensure that your home is fully protected in the case of damage or total loss.

The amount of insurance you need is based upon information you give to your agent about your home and its contents. You will work together to establish the current replacement cost of your home. Replacement Cost Coverage ensures you have the right amount of coverage to repair or replace your home and possessions without any deduction for depreciation, but limited to the amount shown on your policy Declarations Page. Here are some highlighted options