One Small Mistake
“All Because of One Small Mistake.” That is what a client just said to me recently during a significant loss they just suffered. That one small mistake financially, devastated his business and his life. Depending on the nature of an insurance loss; it can bankrupt you, put you out of business, cause an emotional break down and more. I know that seems like a scare tactic, but it is true. I have personally witnessed it happen to my client. I get it, our lives are busy. We have so many irons in the fire and so many things we are trying to do that calling our insurance agent not...
Read MoreWhy Insurance Market Value is less than Replacement Cost of Home
One of the most common questions our office receives is: “Why does the insurance company say the market value of my home is much higher than it is actually worth?” First, the questions is worded improperly. Not intentionally, but the problem is that the “market value” of your home has zero to do with the “Dwelling A” (or reconstruction cost) coverage listed on your declaration page. Or what most of us believe to be the “value” of our home. So then how does it really work? My home is valued at $75,000, I owe $80,000 and the insurance...
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