Choosing the Best Settlement Method: Replacement Cost vs Actual Cash Value
When it comes to settlement methods, you have two options to choose from Replacement Cost (RC) and Actual Cash Value, (ACV). These two options determine how your claims payout is settled in the event of [...]
Even Healthy Trees Need Maintenance
Well-kept trees can add value to your property, help save energy, and reduce crime. The downside? Falling trees or large limbs can cause costly damage. In 2022, 8.6% of the claims reported to NREIG were [...]
Is It Covered? Theft and Vandalism
Many people are unclear about the differences between acts of theft, vandalism, and burglary, as well as whether or not coverage for those perils is available under the three main policy formats: Basic, Broad, and [...]
Is It Covered? Sewer Backup
Many people think their property policy automatically includes Sewer Backup coverage. However, according to the Insurance Information Institute (I.I.I.), most homeowners and business insurance policies do not include coverage for sewer backup unless that specific [...]
8 Ways to Reduce Your Property Insurance Costs
We understand that when you spend less, you make more. Furthermore, when times are tough (and even when they aren't) it's smart investing to find ways to reduce costs and maximize your ROI. Follow these [...]
Is It Covered? Snow, Ice & Sleet
Did you know that damage from the weight of snow, ice, or sleet is only covered under certain policy formats? For those who invest in more northern or mountainous areas, it is important to [...]