Home Owners Insurance Archives - Your Family Finances

What You Need to Know about Different Types of Homeowners Insurance

Homeowners typically have two options when choosing the amount and level of protection of their insurance policy. There’s ACV or actual cash value and RCV or replacement cost value. ACV will reimburse you based on the initial cost of your home, depreciation considered, which means the insurance coverage may decrease over time. RCV, on the other hand, insures your home for its current market value, regardless of any potential depreciation.

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3 Ways to Pay Less for Insurance in 2020

Insurance / By Guest Author

Saving on your family’s insurance is an essential way to hit your financial goals for 2020. Since most insurance policies come up for renewal at least once a year, now is the time to start thinking about your best options for protecting your family’s assets during an accident or unforeseen disaster. These three strategies are all effective ways to pay less for your insurance policies so that you have more money to put toward other needs.

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Cutting Your Home Insurance Bill: Three Secrets That Can Save You A Bundle

Home Owners / By Tim McMahon

Every year, Americans are paying more than they need to on their home insurance. Your home is one of your most prized possessions. Therefore, it is only natural for you to take steps to protect it. Protection for your home comes in the form of homeowners insurance. However, Premiums on home insurance have risen over 50 percent in the last ten years. Currently, the average insurance premium for homes in the United states stands at $1083 annually and can rise as high as $2,024 in some states. If you are one of the many homeowners looking to slash their insurance bill for the next year, take a look at these simple tips.

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