If catastrophe struck and your home was devastated, do you know the complete cost to rebuild/replace your home? The answer is likely, no. The carriers we represent provide 100% Replacement Cost. According to Marshall & Swift/Boeckh, as of 2014, most homeowners only have enough coverage to pay for 78% of the costs to replace or rebuild their homes.
WE’VE GOT YOU COVERED
We are familiar and knowledgeable with the unique insurance coverage that your home needs, no matter the size or luxury. Below are several coverage options available with some of the carriers that we represent.
GUARANTEED REPLACEMENT COST
If your home is insured for $1,000,000 and it costs $3,000,000 to rebuild, that’s what our insurance companies will pay, if you have guaranteed replacement cost. Guaranteed means Guaranteed, regardless of the policy limit.
CASH OUT OPTION
The insurance company pays the dwelling limit in cash to you instead of rebuilding your home after your home is destroyed.
UNLIMITED LOSS OF USE
Need to stay in a rental, hotel or AirBnB while your home is being re-built? No problem. The cost of living while exiled is unlimited.
UNLIMITED BACK UP OF SEWER & DRAIN
If your sump pump fails due to heavy rains, water comes up through a drain or sink or a sewer backup causes damage to your home, coverage for this type of loss is typically limited with most insurance companies. Our companies can solve this problem.
UNLIMITED REBUILDING TO CODE
Municipality laws and ordinances change over time. If your home suffers catastrophic damage, it is most likely you will have to rebuild to local codes and this can add thousands of dollars to the total cost. Most insurance companies limit coverage for these costs or don’t cover them at all. Our companies offer expanded or unlimited coverage for ordinance and law costs.
Customize your policy by increasing or decreasing the limits of personal property and other structures.
PERSONAL PROPERTY REPLACEMENT COST
Replacement cost means the insurance company will replace your damaged personal property new for old, without a deduction for depreciation.
WAIVER OF YOUR DEDUCTIBLE
If your home loss amounts to over $50,000 the insurance company will waive your deductible.
Any damage to trees, shrubbery, your lawn or custom landscaping is repaired or replaced due to certain covered losses such as a fire, lightening, wind, theft or vandalism.
EXTENSION OF LIABILITY
You can be sued arising out of the ownership, maintenance or use of property. If your name is on a lease or a title, liability and medical payments coverage can be extended to that property to make certain you are insured for its use.
Property damaged during a loss can be rebuilt and upgraded with environmentally friendly materials.
ADDITIONAL COVERAGE OPTIONS
In addition to homes, condos, apartments and renter’s policies, we can provide coverage for less common exposures, such as those listed below.
This is available even in the most tremor-centric areas.
We all live in a flood zone; some are higher risk than others. Protect your property from damage due to surface or flood waters.
This is protection for your property while it is in the course of construction or renovation.
OTHER AREAS OF EXPERTISE
The most cost-saving method of purchasing insurance for you is to package all your insurance together with the same company and agent, when possible. See how we can enhance your other insurance needs below.
© 2018 SHEWCHUCK INSURANCE AGENCY, INC.
This website provides only a general description of Shewchuck Insurance Agency and is not a statement of contract. Not all features or discounts described on this website are available in every state or from every carrier and total savings and premiums may vary. We offer coverage from selected standard market carriers.