The bliss of getting your first house is tremendous. Needless to say, the entire family prized our new living situation. Everything was fantastic. It wasn't that much later that reality interrupted. A better, more comprehensive insurance plan should've been our first thing we did once we moved in.
One Sunday morning, like we usually do, we went as a family to breakfast. We were only there for a couple hours. We came back to a flooded house. About half of our house was ruined. A pipe running to the bathroom had broken. We were immensely sorry to see all that possessions destroyed. Not a big deal, my wife and I discussed, my insurance policy would cover all of it.
After consulting that family's insurance agent I learned the truth. He informed me that my coverage option would only provide actual cash value. Our old belongings were now worth less than when I bought them. I'd only be given the amount of the item's worth, and not what I paid for them. Be sure to learn everything about differing policies before you get a plan.allstate insurance tampa fl