Replacement Cost vs. Actual Cash Value: What to Know
When you buy homeowner’s insurance, and other types of property insurance, you are likely to have a choice between two coverage options: replacement cost and actual cash value. What do they mean, and which option should you choose? Luckily, these two concepts are simple when you get the terminology out of the way. What Is Replacement Cost? Replacement cost means exactly what it sounds like. It’s the cost of replacing something with a brand-new version. If your kitchen refrig
Digging In To Service Line Coverage
Most homeowners are well aware that they are financially responsible for anything that happens to their own home and personal property. Since owning a home is a large investment — most homeowners purchase homeowner's insurance to help protect their most important and expensive asset. However, did you know that you’re also responsible for all the underground service and utility lines that run underneath your property up to where your property line meets the city line? As the
Don't Let the Cold Get to Your Pipes This Winter
It’s hard to think of a worse start to a winter day in Jonesboro than turning on the faucet and … nothing. Maybe there’s a trickle of water, but it’s clear you have a frozen pipe. So, what now? Here are some smart tips to help you prevent or address what could easily become a very messy and expensive situation: See to your outdoor water lines: Before cold weather arrives, drain water sprinkler and swimming pool supply lines, and remove, drain and store outdoor hoses. If possi
