How Much Should I Insure My Home For?

How much should you insure your home for? Most people believe they should insure their home for the purchase price or mortgage loan amount. It most cases, this is not the accurate amount of insurance. You should insure your home for replacement cost. REPLACEMENT COST Replacement cost is defined as the estimated cost to rebuild the property to the same specifications and quality (or similar quality) at the time of the loss. Replacement cost is not equivalent to the market value of the property, which is the amount that would be expected from the sale of the home. The valuation from an insurance carrier is similar to a bid from a contractor to return the property to its original condition.

5 Reasons You Should Buy Your Insurance from an Independent Insurance Agent

You aren’t just a policy number or claim number to us. It is sad that many insurance commercials and marketing material paint insurance as a price based commodity. However, it is important to understand that having the correct coverage is serious business. It should not be about just getting the cheapest price, but the best coverage for your individual needs at the best price. In order for that to be possible, you should work with an Independent Insurance Agent. Independent Agents do not work for any one insurance company. They work for themselves and most importantly, they work for their clients. Here are My 5 Reasons Why You Should Only Buy Insurance from and Independent Agent: Your Pe

5 Reasons You Should Buy Your Insurance from an Independent Insurance Agent

You aren’t just a policy number or claim number to us. It is sad that many insurance commercials and marketing material paint insurance as a price based commodity. However, it is important to understand that having the correct coverage is serious business. It should not be about just getting the cheapest price, but the best coverage for your individual needs at the best price. In order for that to be possible, you should work with an Independent Insurance Agent. Independent Agents do not work for any one insurance company. They work for themselves and most importantly, they work for their clients. Here are My 5 Reasons Why You Should Only Buy Insurance from and Independent Agent: Your Pe

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Bergen Insurance Group - your premier New Jersey insurance agency, proudly serving all NJ counties.

 

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