Inflation affects more than the price of everyday goods. Rising costs for construction, labor, vehicle parts, equipment, and personal property can also change the amount required to repair or replace insured assets after a loss. Replacement Costs Change The amount it cost to rebuild a home, replace business equipment, or…
-
-
Beyond the Basics: Are Your Most Valuable Possessions Fully Protected?
Most of us accumulate valuable possessions over time without thinking much about how they’re insured. Jewelry, artwork, collectibles, watches, and other meaningful belongings can carry significant financial and sentimental value, but standard homeowners policies may provide limited protection for certain items. Know Your Policy Limits Homeowners insurance typically includes personal…
