| There are many reasons why people acquire | | | | Extended Replacement Cost. Each of these has a |
| things, some desire things because they simply | | | | level of protection for the client's house; the |
| want it; others buy things because they need it. | | | | amount paid for each type varies also. |
| Sad to say, some people buy things out of fear | | | | Actual Cash Value |
| and fear is the greatest motivation. People buy | | | | The title itself explains this type of home |
| something just to feel secure. Nowadays, there is | | | | insurance. This insurance promises to pay the |
| no constant, everything can change in a blink of | | | | actual cost of the claiming party's house, |
| an eye. One moment you are living in a very | | | | possessions and properties. However the claiming |
| luxurious house then the next thing, you realize | | | | party will not receive the "Actual" value of their |
| you are homeless. Accidents and Natural disasters | | | | house because a deduction will implemented |
| happen; no one can be prepared enough when it | | | | because of depreciation. |
| strikes. Everyone longs for a safe home to live in | | | | Replacement cost |
| but what if in an instant; this happy home was | | | | This type of policy will pay for the cost of |
| destroyed because of an accident or a calamity? | | | | repairing or rebuilding your home. This type policy |
| How can one start over when everything is lost? | | | | will also pay for the replacement cost of the |
| Home insurance is the answer. | | | | owner's possession without a deduction for |
| Today's weather is rapidly changing; it is due to | | | | depreciation. |
| climate change which is caused by global warming. | | | | Guaranteed or extended replacement cost |
| Freak rains, tsunamis and super typhoons occur | | | | Lastly Guaranteed or extended replacement cost |
| more often. These fearful disasters have caused | | | | policy has the highest level of protection. This |
| many people to go to insurance agencies and | | | | type of policy will pay whatever it will cost to |
| inquire for home insurance quotes, California has | | | | rebuild the client's home before it was destroyed |
| many residents who have survived many natural | | | | by either fire or other disaster even if exceeds |
| calamities and these tragedies have taught them | | | | the policy limit. |
| one lesson: "Stand up every after tragedy." The | | | | Most home owners prefer this type of policy |
| California Insurance Commission highly urges its | | | | because it gives the claiming party protection |
| resident to be practical and acquire quotes. The | | | | against abrupt increase in construction cost due to |
| Commission believes that insurance is the best | | | | a short of construction supplies after a |
| help a homeless victim of a natural disaster could | | | | widespread calamity, although this type of policy |
| have. | | | | may not be available to home owners who has |
| There are many Insurance companies based in | | | | an older home. |
| California, each of these insurance companies has | | | | Each of these policies has different advantages |
| different qualifications and sets of policies. There | | | | and disadvantages, it is up to the home owners |
| are 3 types of home insurance, each have their | | | | to choose wisely which type can they afford and |
| on pros and cons, a home owner can choose any | | | | will suit their needs. Home insurance could really |
| of these 3 as long as they are eligible to acquire a | | | | help a lot in rebuilding homes and dreams after |
| home insurance. | | | | tragedy occurred; it will help victims who lost their |
| The 3 types of home insurance policy are: Actual | | | | home and standing up again to face every day's |
| Cash Value, Replacement Cost and Guaranteed or | | | | challenges. |