01. What types of Homeowners Insurance are there?

02. What is homeowners insurance?

03. What do I need to know when purchasing homeowners insurance?

04. What is "actual cash value"?

05. What is "replacement cost"?

06. Where and when is my personal property covered?

07. Should I purchase earthquake coverage?

08. Should I purchase flood coverage?

Q: What types of Homeowners Insurance are there?

A:	1. House Insurance (HO-3)
	2. Renters Insurance (HO-4)
	3. Condo Insurance (HO-6)

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Q: What is homeowners insurance?
A: Homeowners insurance is a form of personal lines insurance. The typical homeowners policy has two main sections:

1.	Covers the building & property of the insured
2.	Provides personal liability coverage to the insured

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Q: What do I need to know when purchasing homeowners insurance?

A:	1.	Supino Insurance will figure out the amount via a cost estimator.
	2.	Determine the amount of personal property insurance and personal liability coverage that you need.
	3.	Select any additional endorsements you want to add to your policy. For example, do you want the personal property replacement cost endorsement?

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Q: What is "actual cash value"?
A: When "actual cash value" is used in a policy, a policy owner is entitled to the depreciated value of the damaged property.


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Q: What is "replacement cost"?
A: When "replacement cost" coverage is used in a policy; a policy owner is reimbursed an amount necessary to replace the article with one of similar type and quality at current prices.


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Q: Where and when is my personal property covered?
A: Coverage C of a homeowner’s policy provides named perils coverage. This applies to all your personal property (except property that is specifically excluded).


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Q: Should I purchase earthquake coverage?
A: Direct damages due to earthquakes are not covered under the standard homeowners insurance policy. If you live in an area that is prone to earthquakes, you may want to consider adding an earthquake endorsement to your homeowners insurance policy. This endorsement will cover damages due to earthquakes, landslides, volcanic eruptions and other earth movements.


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Q: Should I purchase flood coverage?
A: Everyone is in a flood zone.  Your mortgage company may require you to purchase coverage. Anyone can purchase coverage. Contact Supino Insurance for more info.