We don't just shop the price. We compare the policy. Two homeowners policies with similar premiums can pay very differently after a hailstorm. Fill this in with us, or print it and bring your declarations page.
Tip: use your browser's print function and choose "Save as PDF" to keep a copy.
| Coverage | Current policy | Option A | Option B |
|---|---|---|---|
| Annual premium | $ | $ | $ |
| Dwelling limit | $ | $ | $ |
| Extended replacement cost | ____% / none | ____% / none | ____% / none |
| Roof settlement | RCV / ACV / schedule | RCV / ACV / schedule | RCV / ACV / schedule |
| All-peril deductible | $ | $ | $ |
| Wind & hail deductible | $ ____ or ____% | $ ____ or ____% | $ ____ or ____% |
| Wind & hail deductible in dollars | $ | $ | $ |
| Water & sewer backup | $ ____ / none | $ ____ / none | $ ____ / none |
| Contents settlement | RCV / ACV | RCV / ACV | RCV / ACV |
| Ordinance or law | ____% | ____% | ____% |
| Service line coverage | yes / no | yes / no | yes / no |
| Equipment breakdown | yes / no | yes / no | yes / no |
| Personal liability | $ | $ | $ |
Replacement cost generally pays the covered cost to replace a damaged roof without deducting for age, subject to policy terms and your deductible. Actual cash value deducts depreciation for age and condition. Some policies use a schedule that pays a percentage based on roof age and material. More on roof settlement.
Do not look only at the percentage. Two percent on a home insured for $400,000 is an $8,000 deductible. Always convert it to dollars before comparing. More on percentage deductibles.
The limit should reflect estimated reconstruction cost, not market value or your mortgage balance. Extended replacement cost adds a cushion above the limit when rebuilding costs spike — which is what happens after a regional storm. More on setting the limit.
Water backing up through a sewer, drain or sump system is excluded on a standard policy unless you carry the endorsement. Check both whether you have it and whether the limit would cover a finished lower level. More on water damage.
Replacement cost reimburses what it costs to replace belongings; actual cash value subtracts depreciation. Most replacement cost policies pay actual cash value first and release the balance after you replace and document. More on contents.
Covers claims where you are legally responsible for injury or property damage, and pays your defense. Higher limits and an umbrella policy matter when you have assets or added exposures. More on liability limits.
Ask one more question: what am I giving up to save the money? A lower premium can be a good deal, but only once you know how the deductibles, roof settlement, rebuilding protection and backup limits differ.
Best price: ______________________________________________
Best overall coverage and value: ____________________________
Important differences we discussed: __________________________
____________________________________________________________
____________________________________________________________
Agent: ____________________ Phone: ____________________
This worksheet is a general comparison tool and does not alter or replace any insurance policy. Coverage, exclusions, deductibles, eligibility and claim settlement are determined by the policy forms and endorsements issued by the insurer.
Send your declarations page. We compare roof settlement, deductibles, rebuilding coverage and liability — then the price.