@whatsamortgage_: Want to save money and avoid costly surprises as a homeowner? Here are 3 changes I would make to my homeowners insurance policy today: ✅ 1. Verify you have Replacement Cost Coverage, not Actual Cash Value. Most homeowners don’t know there’s a huge difference. Actual Cash Value factors in depreciation. For example, if your roof has a 20-year lifespan and gets damaged after 10 years, the insurance company may only pay for the remaining value of the roof. That means you could be responsible for thousands of dollars out of pocket. Replacement Cost Coverage helps pay to replace the damaged item at today’s cost. ✅ 2. Add Sewer and Water Backup Coverage. This is one of the most common claims homeowners face, and it’s typically not included in a standard homeowners policy. Tree roots can crack pipes, drains can back up, and sewer lines can fail. The problem is most homeowners don’t discover they aren’t covered until after the damage is done. Adding this coverage can be one of the cheapest and smartest upgrades you make. ✅ 3. Add Equipment Breakdown Coverage. Think HVAC systems, electrical panels, water heaters, appliances, and other major home systems. If they fail due to a mechanical or electrical breakdown, this coverage can help pay for repairs or replacement. In many cases, it costs only a few hundred dollars per year and could save you thousands. Owning a home isn’t just about buying it. it’s about protecting it. Take a few minutes to review your policy and ask your insurance agent about these coverages. A small change today could save you a lot of money tomorrow. Follow What’s A Mortgage for more homeowner, mortgage, and wealth-building tips. #HomeownersInsurance #HomeownerTips #WhatsAMortgage

Minh Nguyen | Mortgage Broker

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Wednesday 17 June 2026 16:25:18 GMT