Trc:365 With Phillip Cooper

Welcome to TRC:365! I'm Phillip Cooper with Total Roofing and Construction. We are discussing the 3 items you should have or know about in your policy.  The 1st items to know is what type of insurance policy you have, is it a RCV replacement cost value or ACV actual cash value? RCV covers the replacement cost value minus your deductible and ACV is replacement cost minus deprecative minus deductible. The second item is the deductible. Realize what type of deductible you have exactly. Do you have a set amount, is it a percentage of your policy, or are you not aware of it? Contact your agent and find out today.  The 3rd item is Law and Ordinance Clause. This allows you to be covered for items that are enforced by local municipalities or governing bodies such as building departments. If you're home is older and has out of date building products this endorsement can protect you on the cost to upgrade.