Tag: Nashville Homeowners Insurance

Tennessee Homeowners Insurance 101

Homeowners insurance policies have exclusions, this is where endorsements come into play. There are various endorsements that can (and should) be added to your Nashville home insurance policy, depending on your individual home. These endorsements include: Replacement cost - dwelling and contents to restore pre-loss conditions Back-up of sewer & drains - pays for sewer damages and clean up Sinkhole Scheduled personal property - such...

History Of Fire Insurance

The earliest known fire insurer in America dates back to 1735.  The Friendly Society for the Mutual Insuring of Houses against Fire was based out of Charleston, South Carolina.  The society was not formed with the intention of achieving a profit, but more as an outgrowth of volunteer fire-fighting organizations.   A premium of one percent was paid into a fund that was invested until...

Top 10 Problems With Homeowner Insurance

    Actual Cash Value vs. Replacement Cost for roof claim – More and more Insurance companies are reducing coverage for your hail damage claim. Instead of paying for a new replacement roof, many companies are paying a depreciated settlement, or Actual Cash Value.  This means that your 10 year old roof may only be worth $2500 in actual value (used) but it may cost...