One-Minute Survey

Would you be so kind as to answer these basic questions below, to the best of your knowledge?

One-Minute SURVEY:

1. How much homeowners insurance coverage do you need?

The amount my house would sell forThe amount I paid for the homeThe cost to rebuild the home with today's building codesI don't know

2. If a homeowner accidentally causes damage to their home, is the damage covered by the homeowner policy?

YesNoAs long the damage occurred with in the policy periodYes, but only 50% of the cost to repair

3. Is mold covered under a homeowners insurance policy?

Mold is covered as a result of water damageNo, mold is 100% excludedIt depends on the type of moldMold coverage can be purchased at specific limits

4. “Replacement Cost” refers to which of these in a homeowners policy?

The cost of replacement in today's dollars100% of what it would have cost at the time it was originally purchasedJust the current value of the item minus the depreciation Replacement cost includes building code and no depreciated settlements

5. What percent of the time do premiums go up when people file a claim?

Rates never go upDepends on the size of the lossRates only go up if you file more that one claim in a 3 year periodCatastrophic losses almost never affect rates

6. Are roof leaks covered by your homeowners insurance?

Yes, the drywall, paint, insulation, and flooring would all be coveredYes, only to stop the leakOnly if your roof has tornado or hurricane damageNot at all

7. Can I get a new roof after storm damage?

Yes, but at my expenseOnly if it was a new roofYes, but at a reduced depreciated valueMost policies allow for replacement at today’s cost

8. Do you have any of the following insurance policies on your home?

State FarmFarmersAll-StateChubb/AceNone of the above

9. What type of policy do you have?

Modified FormBroadSpecialDon't know

10. Do you know what type of deductible you have?

Peril specificA percentage deductibleFlat dollar amountNo

11. “Full replacement cost” still applies depreciation to the loss payment?

True False

12. If floods aren’t covered, but your basement floods from a pipe break, are you covered?

No, basements are not covered by any water damagePipe breaks are not flood damage and are coveredOnly if the home has a sump pumpOnly if you have flood coverage

13. Have you read your current Homeowners policy?

Yes No

We would like to thank you for providing us with useful information, in helping us to best serve you.

Lisa Holmes

Phone: 6309155808

Email: lisa@insuranceclaimadvocate.com