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Articles of interest about your home

Tips to keep your home safe
Protecting your home’s value

Homeowners and renters claims tips
Fire prevention

Homeowners insurance is one of the most important and valuable forms of insurance available, because it protects what is usually your greatest asset- your home. Most homeowners policies have two main parts to covers your property and to provide liability coverage (in case of lawsuits arising from accidents on your property).

Actual Cash Value versus Replacement Cost
A homeowners policy will cover your losses, and these can be paid either as replacement cost basis or cash value basis. The actual cash value refers to whatever the current value of the property is, meaning the older the item, the more depreciated it would be and the less cash you would receive. With replacement cost coverage,you get funds for the amount it would cost to replace the item or property at today’s prices.

Personal Liability and Medical Payments
If someone is hurt on your property, you are protected with the personal liability, Most policies have personal liability limits of $100,000 per occurrence, which you can increase for additional cost. Nowadays, a limit of $1,000,000 is safe, considering the litigious nature of our society. This coverage will also pay medical expenses for bodily injury of other on your property. Most policies have a limit of $1,000 per person, which you can increase.

Additional Coverages to Consider

An Inflation Guard Endorsement will protect you as inflation increase.

Earthquake Coverage Endorsement is a good idea if you are in an earthquake zone, as it is not part of a standard policy. The same thing is true of Flood Insurance. You must get a separate policy for that.

Scheduled Personal Property
If you have a great deal of special property, from furs to jewelry to art or silver, it is advisable to have scheduled personal property endorsements added to your policy. Computers and musical instruments can also be included as separate riders. You can opt for actual cash value or full replacement costs

To Save Money on Your Homeowners Policy:

  • increase your deductible
  • buy both your homeowners and auto policies from the same company
  • install security systems with fire alarms

Check with your Strategic Insurance Solutions agent to determine what policy is best for you.


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