Up to Date Appraisal

Why You Should Have An Up-to-Date Appraisal For Your Home

Your home is one of the biggest investments you will make in your lifetime, so it’s especially important that you protect it with a comprehensive insurance policy. But in order to do so, you must first estimate the market value of your home.

Knowing approximately what your South Florida home is worth can benefit you in many ways. It allows you to have greater control over your insurance premiums, your property taxes and the eventual refinancing or sale of your home. What’s more, in [Read more…]

Dealing with Termites

How to Deal with Termite Damage

If you are a homeowner or are considering buying a home, then you might be familiar with the nightmare termites can be. Often unseen, these pint-sized pests need just the smallest crack in a home’s foundation to enter and turn a wooden structure into an all-you-can-eat buffet. Before you know it, they have caused extensive damage that is costly and time-consuming to repair. [Read more…]

Replacing the Contents of Your Home

What Would It Cost to Replace the Contents of My Home?

Even though we hope for the best, Mother Nature doesn’t come with many guarantees. Losing your home and all of its contents to a natural disaster or a similarly destructive event is not only emotionally distressing but financially catastrophic as well. Returning to normal life–in your pre-loss condition– depends on the amount of insurance coverage you have for your personal property and your ability to provide records documenting your property. (Check out our free pre-loss inspection service to create a digital record now.)
When it comes to protecting your personal belongings, there are two different ways you can go about insuring them.

Actual Cash Value

Actual cash value coverage refers to the amount it would cost to replace the items, less reasonable depreciation. This type of insurance assumes that, like many things, your belongings decrease in value over time, and your insurance will cover what it deems the property was worth when it was damaged, not how much you originally paid for it.
For instance, let’s say a hurricane rips through South Florida and destroys your television. It’s expected to last 10 years, but you’ve had it for only 5 years. While it might cost $600 to replace it, the insurance company would determine that half of its lifespan was used and would set its actual cash value at $300 instead.
So, be careful: Unless an insurance policy clearly specifies that your property will be covered at its full replacement cost, the coverage is for actual cash value.

Replacement Cost

Replacement cost, on the other hand, pays you the full dollar amount you would need to replace your damaged or lost personal property without any depreciation. This means that if you have a 5-year-old television that needs to be replaced for $600, your policy will pay out the full $600 with no adjustment for the age of the set. Of course, the deductible on your policy will still apply, and the replacement cost is limited to a maximum dollar amount, but that amount varies depending upon your specific plan.
Regardless of which type of insurance you have, a pre-loss inspection is an extremely useful tool for facilitating insurance claims in the event of damage or loss. If you have any questions about property claims or would like to get a free pre-loss inspection, call us to schedule an appointment.

Introducing Our Free Pre-Loss Inspection Program

Introducing Our Free Pre-Loss Inspection Program

Pre Loss Inspection Program

Gain peace of mind against future damage or loss with a complimentary property inventory


At Gables Insurance Recovery, our team has witnessed every type of home insurance claim situation—and unfortunately, more often than not, the path to full recovery is paved with hurdles and resistance from insurers. When property owners suffer damage or loss, insurers often require proof or evidence showing the extent of the damage. They want you to prove that it wasn’t pre-existing. But this is extremely tough to do. Imagine you lose everything in a fire. Do [Read more…]