Terminology Tuesday – What is a Deductible?

Everybody has heard the term deductible, but what does it really mean? How does it affect your policy and you, personally? A deductible is defined by the Oxford English Dictionary as “a specified amount of money that the insured must pay before an insurance company will pay a claim.” Easy enough to understand, but what … Read more

What If Jurassic Park was Real?

My family and I like to have off-the-wall discussions, and this particular topic was one I thought could be a fun blog post for you guys. What if Jurassic Park was real? How would their insurance react to the events of the movie? What types of claims would be filed? Would any of them be … Read more

Terminology Tuesday – What is Replacement Cost?

Last week we talked about Actual Cash Value, so this week it is only fitting that we talk about the flipside, which is Replacement Cost. Replacement cost is pretty much what it sounds like – the cost to replace your building, house, vehicle, personal property, etc. if it is completely destroyed. How is the replacement … Read more