A quick lesson on ACV vs RC...

Actual Cash Value aka (ACV) is what most Homeowners  insurance policies  will immediatley pay after a loss of personal property..This will be the true depreciated amount of the item the insurer comes up with. My Nana’s old 1970 sofa with gold flowers all over it, will not be worth very much today. Once the item/items are replaced by the insured and only if you have added  The Replacement Cost endorsement on your policy the insurer will pay the additional monies to replace the missing /stolen item. Now unfortunatley adding a Replacement Cost endorsement can be costly in some cases …Why? Because it’s an  important coverage and most clients do and should have it on their policy. Many people will say “well I will self insure or pay the difference”,  and that’s all  fine with an item or two being lost . But most personal property losses after a fire, burglary , theft are numerous items and having ACV payout can add up and cause large out of pocket expenses. That said, its also an area that  many clients can save money on their policy if removed from a policy …

Contact M&L Insurance today to review the savings to remove the replacement cost endorsement, or the cost to add this important Endorsement to your policy

Keep Kids Safe During Halloween!

Children under the age of 12 should not be alone at night without adult supervision. If kids are mature enough to be out without supervision, they should stick to familiar areas that are well lit and trick-or-treat in groups. Here are more Halloween Safety Tips to make your Trick or Treat memorable.
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2855 N. University Drive, Suite 110 Coral Springs, Florida 33065
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