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Insurance Replacement Cost

Replacement Cost: 4 Tips for Determining Adequate Insurance Coverage

Adequate coverage and knowledge of what your possessions and your home are worth is essential. If you are the victim of a severe storm, a fire, a robbery or another incident that leads to the loss of your property, you need to make sure that you have enough coverage to make sure that you are made…

3 Things Your Standard Homeowner’s Insurance Policy Does Not Cover

3 Things Your Standard Homeowner’s Insurance Policy Does Not Cover

Depending on your geographic location, knowing what your homeowner’s insurance policy does and does not cover is crucial to being able to return your home back to normalcy in the event of an emergency. When a home suffers from wind, fire, hurricane damage, tornado damage, pipe bursts, and flooding, and homeowner’s face the unfortunate circumstance…

The Difference between Replacement Cost and Actual Cash Value

Florida public adjusters want every homeowner to be aware of the residential insurance claim process, as there are many aspects and terms that are not easily defined by homeowners. One of those aspects is Actual Cash Value vs. Replacement Cost Value. In order to make these two concepts simple to understand, the expert public adjusters…

Assessing Your Property Insurance Policy for the New Year

It’s a new year and for South Florida residents, it has already brought a slew of tornadoes and torrential downpour. Sure, losing weight and saving money are great New Year’s resolutions, but have you ever thought to reassess your residential or commercial property insurance for the New Year? Your insurance needs change each year, and…

How Is Recoverable Depreciation Computed?

A lot of homeowners and business owners that Advocate Claims Public Adjusters come across wonder how to recover depreciation from an insurance claim. The very first thing that licensed public adjusters will tell you to do is check whether or not you even have recoverable depreciation. The majority of the time, a business or homeowner…

Steps to Filing Residential Property Insurance Claims

In the event that tornado, hurricane, wind, fire, or any physical damage is done to your home, filing a residential property insurance claim may seem daunting – but it doesn’t have to be. Steven Venook at Advocate Claims Public Adjusters in South Florida has been servicing property insurance claims on behalf of the insured for…

Umbrella Insurance Coverage – What It Is and Why You Need It

Most Florida homeowners have adequate homeowner’s insurance coverage but what if there is a serious accident on your property and you cannot afford the medical bills? Or what if someone sues you for something that happened on your property, even if it was not your fault? It is important to be covered for all of…

Commercial Insurance Policies: What the Appraisal Clause Means for Your Business

While the appraisal clause is typically a thing of the past for Florida homeowner’s insurance policies, it is still part of commercial insurance policies. What does that mean for you if you are a Florida business owner with a commercial insurance policy? Let’s say that you have a water leak and the resulting flood does…

When Your Florida Homeowners Insurance Is Up For Renewal

It is good to do an annual review of your expenses and that includes your homeowners insurance. Has anything changed since you last renewed it? Changes to your property or assets may mean changes to your homeowners’ insurance policy. Have you gotten a dog or other animals that might require more insurance? Have you built…