The deductible is one of the most important elements of your insurance policy and the term is the most widely understood by the insurance consumer. It is defined as a specified amount of money that the insured must pay before an insurance company will pay for a claim. Since most consumers carry automobile insurance, they…
Archives for October 2014
Understanding AIUA Policies – What is at stake?
In last week’s post, we discussed loss settlement types – ACV (Actual Cash Value) versus RCV (Replacement Cost Value). We provided information about the benefits of RCV settlement types and touched on the fact that many insureds may not know what type of loss settlement method their policy contains. As we’ve said many times,…
SSIA is now writing in Florida!
Have you had a difficult time finding coverage for tenant occupied Ho-6 policies? We have you covered! SSIA is now writing homeowners, flood and condominium owners policies in Florida! Contact us today for a quote – 251.923.4463
ACV vs. RCV – Do You Know the Difference?
With insurance, the devil is in the details. With so many abbreviations and industry specific terminology, shopping for the right coverage can often seem daunting. One of the most important things to know about your homeowner’s insurance policy is the policy’s loss settlement method. Loss settlement types refer to the way the insurance company will…
What is a COBRA Zone?
For most consumers, there is a good bit of mystery associated with the availability of flood insurance, especially at an affordable price, for properties located within “COBRA Zones” (CBRA – Coastal Barrier Resource Area). We feel it is important that the consumer be fully aware of the CBRA definition, as well as the impact on…