“How much home insurance should I buy?” It’s a common question. There’s several different ways to look at this. If you want to insure for what is known as “replacement coverage,” you need to keep in mind several different things. The biggest thing is: “how much is it going to cost me to rebuild this home or this building if there’s a total loss?”...

There are several different ways to insure items, whether it be buildings, your personal property, business property. Two of the most common ways are replacement coverage or actual cash value. I’m going to help you decide which one is right for you, and I’ll give you a little information on both. Let’s start with actual cash value. Actual cash value is a depreciated value....

How do I get homeowners insurance? How do I go about doing that? What do I need to provide to the agent and how do they get a quote and set up coverage for me? That is a very common question. If you need homeowner’s insurance, you are buying your first home or your first condominium and you are not sure how to go about doing it, here are a few tips for you. Call an agent. We don’t...

Hello and welcome to Coverage Concepts. I’m Ron Philleo with Philleo Agency Insurance. One of the calls we get frequently is, “I’m buying a new house or a condominium and my mortgage guy said I have to have homeowner’s insurance or hazard insurance. Can you help me with that?” Well let me explain what homeowner’s insurance does. When you purchase a new home...

We get this question quite often in our office. What is flood insurance or do I need it? Well, there’s a couple of different things with flood insurance. People make mistakes sometimes about flood insurance and sewer backup insurance. Today I’m going to define those for you, show you the difference, and then you can have an intelligence with your agent on weather you need to have that coverage...