Homeowners insurance is designed to cover a sudden and accidental loss but there are exclusions. One of the most common exclusions is water backing up from a sewer line and overflowing into the home. There are policies that provide coverage for water backing up through sewers or drains as long as it originates on premise.…Read more
Replacement Cost Home Insurance in Virginia
What is Replacement Cost home insurance and why is my house insured for more than the assessment? There are 3 values concerning any home in Virginia. Market Value – the amount you could sell your house for. Assessment Value – the amount the city or county charges you for tax purposes. Replacement Value – the…Read more