
How to calculate what you are owed for an insurance claim
Homeowners insurance was created to provide financial protection in case of damage or loss to your home or personal property. Many of us have it, and we know how to make our payments to maintain coverage. But unless you have experienced property damage, you likely do not know what happens when an insured property is damaged, beyond knowing that you will need to report it to the insurer if you hope to get the damages covered. One of the first questions you may have after your property is damaged is how much you may be owed from your insurance. If that question isn’t on your mind immediately after you notice the damage, it will likely be on your mind as