At Neckerman Insurance Services, we understand there’s nothing more personal than insurance that covers your home, your car and your valuable possessions. We are positioned to provide the most competitive homeowners insurance policies in the marketplace.
Consider Neckerman Insurance Services when you want superior service and a trusted insurance partner for your personal insurance. We are here to Insure Your Success in as many ways possible.
What’s included in a Homeowners Insurance Policy?
- Coverage A, Dwelling – Protects your house and any attached structures, such as garages, decks or fences.
- Coverage B, Other Structures – Protects structures that are not attached to the home, such as a detached (separate) garage, storage or utility shed, playground equipment and swimming pools.
- Coverage C, Personal Property – Covers your possessions, whether they are at your home or away with you on vacation. Personal property is often covered on a named peril basis. This means that only the causes of loss listed in the policy section are covered.NOTE: Types of property with significant value (jewelry, fine arts, collectibles, etc) may require special protection. Talk to us about scheduling (adding) coverage on a floater which broadens and extends coverage for high-valued possessions.
- Coverage D, Loss of Use – Handles the cost of additional living expenses while your home is being repaired.
- Coverage E, Personal Liability – If you are legally responsible for causing property damage or physical injury. Protection includes paying for your defense costs and any financial judgment for covered incidents.
- Coverage F, Medical Payments – Provides reimbursement for minor injuries, such as a guest who trips and falls while visiting your home. This coverage does not apply to a family member.
What’s the difference between Actual Cash Value and Replacement Cost?
Commonly, protection under sections A and B is provided on either an actual cash value or a replacement cost basis. Actual cash value is defined as replacement cost minus depreciation. Replacement cost is the actual cost to replace the structure, regardless of depreciation. Check your policy to see which type of coverage you have.