Home insurance typically provides some degree of coverage for the dwelling (plus attached fixtures and structures), personal property of the occupants, liability and living expense if you need to be relocated during repairs.  Some folks assume that if you have homeowners insurance and disaster strikes your house, the insurance will pay to have your home rebuilt and refurnished.  In actuality, the industry terms within your policy dictate how much you will get paid. The following terms will all offer different payouts:

Replacement cost – coverage that will pay for replacement up to the limits stated in your policy

Guaranteed replacement cost – unlimited coverage to replace as long as you have followed the company’s guidelines

Extended replacement cost – replacement up to the limits stated in your policy plus an extra predetermined percentage

Actual cash value (ACV) – the replacement cost minus depreciation

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What’s less expensive, the cost of a chimney sweep or a chimney fire?

2019-06-26T15:10:01+00:00October 26th, 2018|Homeowners Insurance|

What’s less expensive, the cost of a chimney sweep or a chimney fire? In Fairfield County, the frost is appearing in the morning and you can feel the winter upon us. What does that mean for most suburbanites? Fireplace season! What’s better than getting home from a long day or [...]

Halloween: Tips to make your celebration a treat

2019-06-27T14:34:20+00:00October 24th, 2018|Homeowners Insurance|

Halloween: Tips to make your celebration a treat By Cincinnati Personal Lines Don’t be tricked by liability issues! Keep Halloween safe for family and guests. As you and your family bring out the Halloween decorations and prepare for parties and trick-or-treaters, take time to evaluate the liability exposures associated with [...]

Two Guys in a Buick Lawn Care Services: A Homeowner’s Cautionary Tale of Selecting Private Contractors

2019-06-27T14:18:22+00:00April 22nd, 2018|Homeowners Insurance|

Two Guys in a Buick Lawn Care Services: A Homeowner's Cautionary Tale of Selecting Private Contractors By Nina Josko The sad but true account of not choosing a legitimate contractor: Once upon a time I had a greenish lawn. When the dandelion greens, clovers and onion grass sprouted, my yard [...]

Coach Mark Wilhelm Brings Risk Management Career to Darien

2019-06-27T16:20:37+00:00April 5th, 2018|Business Insurance, Homeowners Insurance|

Coach Mark Wilhelm Brings Risk Management Career to Darien If your child ha sbeen involved in Darien Youth hockey in the past decade, you probably know Coach Mark Wilhelm. Right now, he coaches U10 and U18, but he has been a part of many functions. He readily admits that much [...]

Builder’s Risk Insurance Guide

2017-10-20T07:35:51+00:00October 20th, 2017|Homeowners Insurance|

A Guide to Builder’s Risk Insurance by Daigle & Travers, Darien, Connecticut (203) 655-6974 Builder's risk insurance, also known as Course of Construction, is a type of policy that protects an insurable interest during construction, repair or renovation. During the process of construction, an owner, general contractor and subcontractor have [...]

Chimney Cleaning: My Vacuum Hose Is Not the Same as a Chimney Sweep

2017-10-13T18:02:05+00:00October 13th, 2017|Homeowners Insurance|

By Nina Josko If you’re anything like me, being told that I should do something is never a sufficient enticement for me to actually do it. Barring moral obligation, a chore needs to have a fact-based necessity or provide entertainment to be considered. As homeowners, we are tasked with a [...]