We Hate Insurance

 That's how they reel you in, with taglines that say they have the cheapest insurance and tell you how much you could save if you switch.  There's no doubt that saving money is an important thing and some of the companies that say they can save you money, really can. But you don't always want the cheapest, in fact there is a long list of things that most people would find important enough to make sure they are paying for quality and wont mind a higher price tag.  Below is a short list of things you might not want to go cheap on. Parachute packing, Bullet proof vests Brake job Scuba tank Fencing at Jurassic World Okay, so some of those were funny but the point is if it's really important you will pay whatever it takes to make sure it's done right. For me clothes are good to have but if I can get them cheaper I don't really care what they look like, but some of you will pay a lot of money for the right set of shoes or the really cool jacket. Is insurance in that c...

The roof of your house protects your family and belongings from the rain, wind, hail, and more, so, it has to stand up to quite a lot of punishment! So is your homeowner policy going to replace it?  Replacement Cost vs. ACV (Actual Cash Value)  So when you took at your declarations page for your homeowners policy and see that you have $250,000 in coverage for your home, you assume that will be enough to replace the roof after the next hail storm.   But when it comes to the actual coverage that will be provided when a claim is filed, it is important to understand that all policies do not cover your property the same. Below are two types of coverage to be aware of and to look for on your declarations.   Actual Cash Value : Actual Cash Value coverage is a way of covering your roof that limits the amount that you will be paid in the event of a claim. Basically, the insurance company will account for the depreciation on the current roof, and they will deduct this fro...