Connecticut homeowners need to be aware of the importance of reinsurance. Reinsurance is the protection insurance companies purchase in order to put a cap on losses they incur in the event of a catastrophe.
For example, your home insurance carrier purchases an insurance contract that protects them if the losses from a catastrophe exceed $20 million. [...]
Archive content with the tag ‘replacement cost’
25.03.10 Does Your Connecticut Home Insurer Have Reinsurance?
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11.12.08 New car coverage is great for leased vehicles
Most people that lease or buy a new vehicle are concerned about minor vehicle damage, and especially a total loss. Allstate’s new car coverage is a great feature that protects you from car damage that can put your loan or lease under water – where you have to pay out more than the car is [...]
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23.09.08 Keep a simple record of your valuables and possessions
What is the best way to record all of your possessions, so that in the case of a total loss – like a fire – you’ll be prepared to remember what you owned?
The easiest approach is using a camera – still camera or video – to record images of all of your possessions on film [...]