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Category: Home Sense

What is Guaranteed Replacement Cost?

Posted: June 12, 2024

Few things in life are worse than losing your home to fire or a natural disaster. Except, that is, discovering in the aftermath that you don’t have enough homeowners insurance coverage to rebuild the house back to how it was before trouble struck. If you get Guaranteed Replacement Cost (GRC) coverage, that is unlikely to happen. Why? GRC will pay for the full cost of rebuilding...

Flooding: What Damage Can It Do to My House?

Posted: May 15, 2024

“Welcome to the neighborhood!” one of our neighbors called while we were standing in the front yard of our new home. On any other day, it would sound like a normal greeting. But on that particular day in June 2014, my husband and I wryly laughed at their joke. Our neighborhood had just flooded ‒ literally days after we received our keys. We waded through...

Beyond the Walls: What is Dwelling Coverage and How Much is Enough?

Posted: May 3, 2024

Dwelling coverage is the portion of your homeowner’s insurance that protects the physical structure of your home from common hazards. This includes not only the livable area of your house but also attached structures like your deck, porch, or garage. Since it covers anything that’s considered to be legitimately part of your home’s structure, it also covers things like built-in appliances. When it comes to unattached...

Replacement Cost vs. Market Value: What's the Difference?

Posted: May 1, 2024

If you were asked to describe the state of the housing market over the past few years, it could be summarized in one word: expensive.According to Home Bay, a real estate education platform, U.S. home prices increased an astounding 42% in the three years between March 2020 and March 2023.That data also showed that the national median home price rose to $468,000 as of 2022,...

Your Quick and Easy Guide to Electrical Safety at Home

Posted: April 29, 2024

Electrical dangers are serious business. From risk of shock to potential fires, you’ve got plenty of reasons to make sure your home’s electrical systems are in good shape and safe working order. Fortunately, in most houses, a simple walkthrough can help you identify and avoid the most common risks. (Having the right homeowners insurance can provide peace of mind, too.)Most fixes are simple and inexpensive, if...