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,...
by Matt McElhaney | Dec 6, 2022 | Blog
This article discusses when clients require DP3 versus HO3 policies. We’ll also discuss HO forms and why clients choose them. DP3. VERSUS HO3 POLICY A homeowner’s insurance (HO-3) policy protects your home, belongings, and liability. HO-3 policies...
by Matt McElhaney | Nov 22, 2022 | Blog
Can you name the types of animals and or dogs that aren’t covered by standard homeowner’s policies? How come they are omitted? In this article, we’ll address these concerns and more. Many pet owners wonder if their homeowner’s insurance will...
