Is it better to have replacement cost value (RCV) or actual cash value(ACV)? RCV, as long as you can afford the difference in premium. For example, say your policy covers your roof, which was replaced in 2007. It’s 2017 and…
I’m in a low-risk flood zone, do I still need flood insurance? The short answer is, if you live in Louisiana, yes, you should have flood insurance, but it isn’t legally required if you’re in a low-risk zone! Flooding is…
What’s the difference between homeowners and dwelling policy? Generally speaking, dwelling policies are less comprehensive than homeowners policies. Homeowners insurance policies are sold as a package that can include coverage for property, liability, contents, theft and water backup coverage. Dwelling policies…