Actual cash value versus replacement costs; deductibles, and valued policies are only a few of the things you need to know as an informed consumer of homeowner and flood insurance.
People who do not fully understand their homeowner's or flood insurance policies would be wise to invest in a good life insurance policy as well. If a disaster strikes, the truth could kill you.
Even if you have both a homeowners' policy and a flood policy on your home, you may be less protected than you think. There are restrictions that can affect the amount you collect from either following a disaster.
The first loophole is the deductibleRead More Now
[via MortgageNewsDaily.com]
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