Home insurance is notorious for being complicated to understand, purchase, and sometimes even file a claim. By avoiding a few common and uncommon mistakes, you can have a smooth sailing experience with all things home insurance, especially with Bubble.
The distinction between Actual Cash Value (ACV) and Replacement Cost Value (RCV) in insurance claims boils down to how the value of lost or damaged items is calculated
Many home insurance carriers in Texas have reduced or frozen their underwriting business for new policies. However, unlike Florida and California, major insurance companies have not completely withdrawn from the Texas market.
Just think of it as replacing the income the primary breadwinner brings home for the foreseeable future. This means it should be able to at least cover major expenses like college tuition, repay any loans, pay off mortgage