Understanding the difference between Actual Cash Value (ACV) and Replacement Cost Value (RCV) is key for homeowners. Home insurance policies can be complex. Knowing the difference between ACV and RCV is crucial for adequate protection. In the United States, home insurance is a big investment. Property insurance companies offer various coverage types to meet different …
The state of North Carolina has introduced a new settlement. It limits home insurance rate hikes to 7.5%. This gives homeowners in the North Carolina insurance market some relief. This move aims to regulate home insurance rates. It also protects consumers from rising premiums. With the increasing costs of home insurance, this settlement is a …