Replacement-cost coverage: a wise investment I just bought a home and would like to insure it against damage or destruction. How can I be sure I will be financially able to repair or rebuild in the event of a catastrophe, such as a fire? Insurers generally recommend you insure your home for its full replacement […]

How are insurance rates set? How does insurance work? People buy insurance coverage to protect themselves from potential future loss. In exchange for payment of a known fee—the insurance premium—the policyholder is able to transfer his or her potential risk to an insurance company, which agrees to pay in the event of such a loss. […]