• April 5th, 2016 by Heritage Insurance Services

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Replacement Cost vs. Market Value: What's the Difference?

If you were asked to describe the state of the housing market over the past few years, it could be summarized in one word: expensive.According to Home Bay, a real estate education platform, U.S. home prices increased an astounding 42% in the three years between March 2020 and March 2023.That data also showed that the national median home price rose to $468,000 as of 2022,...

What Does Homeowners Insurance Cover?

We all hope to never need that policy, but do you know exactly what a homeowners policy covers? The answers may surprise you and even save you some money in areas you never realized!Homeowners policies offer a wide range of coverages, from your home itself and structures on your property to liability coverage, even to loss of income coverages. As always, coverage will vary from policy...