What to know before buying a house: Data shows Houston home affordability is challenging especially for new homeowners
Table of Content Functional Replacement Cost Value What is hazard insurance and do you need it? What Is Home Insurance? Home Insurance VS Home Warranty These could come in handy if you file a claim and need to redo the work. Finishing your basement, adding a sunroom or upgrading to your dream kitchen can make a big impact on your quality of life at home. But these types of remodeling projects can also affect your insurance needs, potentially leaving you underinsured. For this reason, Replacement Cost Value, or Extended Replacement Cost Value are better choices to cover damage to your home. There is a lot of peace of mind knowing you will not be financially devastated by unexpected damages to your home. If your policy covers ALE, it might be limited to 10 to 20% of the amount of the dwelling coverage on your house. Other structures coverage pays for damage to property not attached to the house, such as fences and sheds. Functional Replacement Cost Value Make sure the contrac