Homeowners Insurance Agencies San Antonio - Levels Of Insurance Coverage

Homeowners Insurance Agencies San Antonio

First, there is actual cash value coverage (i.e., coverage for the fair market value of the dwelling at the time of loss, up to the policy limit). This can be stated ultimately as the cost of replacing or repairing the damaged or destroyed dwelling with like or equivalent .construction, up to the policy limit.

Second, there is building code upgrade coverage. This covers the additional costs, up to stated limits, to repair or replace a damaged or destroyed dwelling to conform to current building codes as of the time, of loss or rebuilding.