• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Law Offices of Jonathan G. Stein Logo
(916) 247-6868
  • Home
  • About Me
    • Organizations, Publications and Presentations
  • About You
  • Practice Areas
    • Debt Collection
    • Estate Planning
    • Personal Injury
    • Landlord Tenant
  • Client Testimonials
  • Resources
    • Blog
    • Brochures
    • Helpful Links
  • Contact

Single Limit Policy

November 12, 2008 by Jonathan Stein

I have a friend looking for new homeowners insurance. She is changing from a major insurer to a less well known insurer, but in my opinion a better insurer. She then asked me to review the policies and explain the differences. So, I did.

Her current policy has your standard coverages – A, B, C and D. A is the house, B is the other structures, C is the personal property and D is the loss of use. I have written about these coverages before.

Her new policy has a single limit. A, B, C and D are combined into one huge limit. In this case, her single limit is $100,000 more than the current A through D coverages. Why does this matter? For a few reasons:

  1. She is getting more coverage for less premium;
  2. She can use her coverage in any way she sees fit. So, if she has a total loss and it only costs $300,000 to rebuild her home, she can use the rest of it to replace her personal property or rent a home. She does not have to worry about using one limit up and having extra money in another limit;
  3. She doesn’t have to worry about tweaking (or adjusting) her limit every few months. She has more than enough coverage now.

If you are looking for new homeowners insurance, ask your agent about a single limit policy.

Categories: Consumer Issues, Homeowners Insurance

Primary Sidebar

Sign Up For Our Newsletter Below

Lists*

Allow Me to Help You

    Footer

    Contact Us

      Practice Areas

      • Debt Collection
      • Estate Planning
      • Personal Injury
      • Landlord Tenant
      The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any matter. The transmission and receipt of information contained on this Web site, in whole or in part, or communication with The Law Offices of Jonathan Stein via the Internet or e-mail through this website does not constitute or create a lawyer-client relationship between this firm and any recipient. You should not send any confidential information in response to this webpage. Such responses will not create a lawyer-client relationship, and whatever you disclose will not be privileged or confidential unless this firm has agreed to act as your legal counsel and you have executed a written engagement agreement with The Law Offices of Jonathan Stein. The Law Offices of Jonathan Stein © 2023. All rights reserved. | Sitemap | Privacy Policy | Disclaimer