MANAGEMENT

Detailed explanation-1: -Home insurance also known as property insurance or homeowner insurance covers the structure as well as the content.

Detailed explanation-2: -Replacement Cost Value (RCV) The amount of money needed to repair your home at today’s prices of building supplies; or replace your belongings at today’s cost of the similar or like item. It is important to discuss replacement cost with your insurance agent when purchasing your policy.

Detailed explanation-3: -Personal possessions cover is an add-on that only a comprehensive car insurance policyholder can purchase. The insurer will provide coverage for any loss or damage to any of your personal possessions kept inside the car as per the insured declared value of your car insurance policy.

Detailed explanation-4: -Personal property coverage-also known as contents coverage on a home policy-helps cover the cost of your personal items if they are destroyed, damaged, or stolen due to a covered loss or peril. Personal property includes things like furniture, clothing, electronics, and kitchenware.

Detailed explanation-5: -Four types of insurance that most financial experts recommend include life, health, auto, and long-term disability.