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Not all homeowners insurance policies are created equal. The best policies ensure you’re covered where it matters most. Here’s what to look for: Adequate Replacement Cost "Replacement Cost" covers both labor and materials to fully rebuild your home if needed. This amount can be different then the market value, or loan value. Sufficient Loss of Use Coverage Known as "Coverage D", this pays for temporary housing such as a rental home or extended stay facility while your home is being repaired or re-built. Affordable Deductible Choose between a flat dollar amount or a percentage rate of the dwelling coverage amount (for high value homes). Remember, the lower the deductible, the higher your annual premium costs becomes.  Consider a Regional or State-Based Insurance Carrier This helps limit cost increases by avoiding national exposure to high-risk areas. Strong Financial Rating (A- or Better) This will ensure that your insurance provider can pay out claims and stay in business. Thankfully, South Mountain Services only parters with insurance companies of this caliber. Reminder for Current Clients: If your premium increases by more than 10% at renewal, we’ll notify you and can shop for a better rate while maintaining your coverage. We’re here to serve you—not the insurance companies. That’s the South Mountain Services guarantee. Categories All
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Insurance 101Helpful insights into the world of insurance Archives
March 2025
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