by Matt McElhaney | Mar 27, 2024 | Blog
There is one primary difference between a replacement cost (RCV) insurance policy and an actual cash value (ACV) insurance policy. This difference is how they calculate the value of covered losses, particularly when it comes to property damage. Here’s an...
by Matt McElhaney | Mar 20, 2024 | Blog
The decision to switch from an HO3 (Homeowners 3) policy to a DP3 (Dwelling Property 3) policy depends on various factors and changes in the property’s use. Here are some situations where an insured might consider transitioning from an HO3 policy to a DP3...
by Matt McElhaney | Mar 13, 2024 | Blog
There are several types of homeowners insurance policies, each designed to meet different needs and provide varying levels of coverage. Here are some common types: HO-1 (Basic Form): •Provides basic coverage for named perils such as fire, lightning, windstorms, hail,...
