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Tag: Homeowner’s Insurance

5 Things New Homeowners Should Know in Fairfax, VA

5 Things New Homeowners Should Know in Fairfax, VA

Home & Garden
Becoming a homeowner is exciting but it also comes with a lot of responsibilities. If your new home is within the historic and vibrant city of Fairfax, VA, there are so many things you can look forward to as you become part of the youthful community. Fairfax is a suburb of Washington D.C. with a mellow small-town atmosphere blended with profound historic, cultural and recreational spectacle. The city also boasts of high-quality education with some of the top-ranking primary and secondary schools and the finest colleges in the country. With its metropolitan city, a booming economy and abundance of astonishing destinations, Fairfax can definitely be the ideal place to live. As a new homeowner, the major adjustments and new things to discover can be overwhelming. But with adequate p...
Important tips to follow while buying homeowner’s insurance

Important tips to follow while buying homeowner’s insurance

Home & Garden
Before shopping around for a homeowners insurance quote, learn more about the policy: Homeowner's insurance policy coverages: actual cash value vs. replacement cost. We'll start off with actual cash value and replacement cost, because if this coverage isn't specified in the quote, homeowners could be in for some serious trauma if there is an insurance claim. Simply put, actual cash value includes depreciating the value of items at the time of the insurance claims assessment. The depreciation calculation varies by the item insured, the insurance company and the individual claims adjuster. Replacement cost value does not depreciate the value of items insured at the time of the insurance claims assessment. Replacement Cost is the actual cost to replace an item destroyed or damaged i...