What is the 80% rule in insurance?
What is the 80% rule in insurance?
The 80% rule means that an insurer will only fully cover the cost of damage to a house if the owner has purchased insurance coverage equal to at least 80% of the house’s total replacement value.
How much should deductible be for home insurance?
Typically, homeowners choose a $1,000 deductible (for flat deductibles), with $500 and $2,000 also being common amounts. Though those are the most standard deductible amounts selected, you can opt for even higher deductibles to save more on your premium.
What causes cracks in walls above windows?
Hairline cracks over doors and windows are likely due to settling. Houses of any age move and shift subtly over time, and the weakest area in a wall is the most likely to crack. A wall is constructed with vertical studs that extend from floor to ceiling. Sep 28, 2020
