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Homeowners Coverage
General Insurance Information
Basically there are three types of homeowners insurance.
Type One: Actual Cash Value (ACV). This means that in event
of a burglary, or theft loss, they will pay the actual cash
value of the item at today's prices. Original price
minus depreciation equals net payment. They then will
subtract your deductible.
Type Two: Replacement Cost With Cap. This means they
will pay whatever it takes to replace the item at today's
prices (no depreciation.) There is a cap on this type
of program, at 25%.
Type Three: Replacement Cost Unlimited. In the event of
a loss the company will pay whatever it takes to replace the
items, with absolutely no limitations. This is by far
the most comprehensive coverage.
Of course, the cost varies with each program. Similar
differences also exist for business and liability
insurance.
Call us for a cost comparison, or if you have any
questions. It is surprising how
little it costs to buy the best.
EGI Insurance
Phone: (916) 685-2696
Fax: (916) 685-5974
Toll Free: (800) 655-6696
E-Mail: EGI@ElkGrove.net
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