Roof Coverage Part II: Reporting & Responsibility

When it comes to roof claims in today’s market, carriers are now looking very closely at the ‘date of loss’. The date of loss is obviously when the damage occurred to the property. The issue that we now see occurring is the ‘date of loss’ not being in range of the policy term(s) if you […]

Roof Coverage: Replacement Cost vs. Actual Cash Value

Your roof is just as important as the structure and contents it is protecting. Do you know if your current insurance policy will cover your roof on a replacement cost basis if you suffered a loss? In recent years’ insurance carriers have implemented stricter guidelines on their roof coverage within your homeowners’ policy.

There are two […]

Replacement cost vs. Market Value

What would it take to rebuild your home if you suffered a total loss? Would you have enough coverage in place to rebuild the structure to the style & quality before the loss? People often express that the dwelling limit on their insurance policy is too high but there is a common misconception on dwelling […]

Am I Covered? … For my condo?

a series by Mountain Lakes Insurance
“Am I covered … for my condo?”
“The association master policy covers my condominium, right?” Well, it protects the association, but not you. Coverage for personal liability and personal property comes from a personal condo policy and not from the association. […]