Owners of Northeast Florida condos, townhomes, and homes have all been faced with buying homeowners insurance. One of the options now available is guaranteed replacement cost homeowners insurance. This is a relatively new choice for Jacksonville homeowners.
Buying guaranteed replacement cost homeowners insurance may cost more than other types of insurance but the Florida homeowner knows that if their home is destroyed by fire their policy will cover the full cost of replacing and repairing their homes and contents after the deductible is met. Flood and earthquake loses are not covered by this insurance - they require insurance or riders.
Several articles on the subject of homeowner's insurance on my website local news blog are
Homeowners Insurance on your Northeast Florida Home, Condo, or Townhome
Guaranteed Replacement Cost Homeowners Insurance
Considering the Importance of Homeowner's Insurance
Some great websites that provide extensive information about this subject:
Homeowners Insurance 101 - This Old House
Insurance Information Institute's - How much homeowners do I need?
The New York Times's article on Home Insurance: Replacement Policies Have Lots of Fine Print
The Consumer Reports.org article on Home-Insurance Traps
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