Property Insurance

Actual Cash Value deducts depreciation for age, wear, and obsolescence from your claim payout, leaving you to pay the difference. Replacement Cost Value pays the full current cost to replace the damaged property with new items of like kind and quality. Compare policy options in our Home Replacement Cost Calculator.

Concurrent causation occurs when two separate perils—one covered (e.g. wind) and one excluded (e.g. flood)—combine to cause property damage. Most insurers include anti-concurrent causation clauses to deny the entire claim. Audit your coverage gaps with our 8-Point Policy Health Check.

In coastal territories, wind and hurricane deductibles are stated as a percentage (typically 1% to 5%) of the total dwelling limit rather than a flat dollar amount. On a $400,000 home with a 2% hurricane deductible, you must pay $8,000 out-of-pocket before insurance responds. See Deductible Calculator.