All construction projects carry certain levels of risk. From labor shortage and safety issues to change orders and new government regulations, the construction industry faces risks on multiple fronts that need to be managed. The ability to identify and address these risks during the initial stages of a project requires skill, careful planning, and swift […]
It’s probably safe to say that your home is one of the most—if not the most—valuable of all your assets. It, therefore, makes a lot of sense for you to do what you can to protect it, and the best possible protection you can get is home insurance. A home insurance policy is designed to […]
1. What is your property value: Make sure that your home is valued properly. Insurance is a lifeline to rebuild your property in case disaster strikes. If your home is not valued properly, then the extra cash needed to rebuild will be coming straight out of your savings. This is why we can’t stress enough […]
Chubb Personal Insurance has sent out another of what should be a series of revealing documents that compares the actual value (replacement cost) and market value of a home. The document states the following: A New Jersey home was bought for $1,060,000 in 2004. In 2005, Chubb appraised the home for $1,502,340. To keep up with inflating construction […]
Even with home values sliding, your home is still one of the most valuable assets that you own. There are many ways and reasons to value your home to include market/resale value, property taxation, new construction, or for mortgage purposes. But for insurance purposes the reconstruction value is the most important. The many factors that influence the value of […]