Using Homeowners Insurance To Replace Lost Prepping Supplies And Retreat, by J.H.
First, I am a licensed insurance agent. I prefer not to mention the companies I represent. However, laws differ from state to state. This article is to educate people how to use their insurance to replace their prepping supplies and retreats when disaster strikes. Terms and Definitions to Know There are some basic terms to know when dealing with insurance. I’ve defined some of these terms into every day language: Actual Cash Value– This is also known as the depreciated value. Think about your roof. If you have 20-year shingles that have been on your house for 11 years and …