Harrison Insurance and Financials, Ltd

101 E Bullion St, 2A
Hailey, ID 83333

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Applying the 80/20 Rule to Home Insurance

Are you looking for a home insurance policy that provides coverage without breaking the bank? The 80/20 rule may be the answer. Our team of insurance experts at Harrison Insurance and Financials LTD can help explain how the 80/20 rule works and how it can help you save money on your home insurance in Hailey, ID. 

What is the 80/20 Rule? 

The 80/20 rule basically states that you’ll get coverage for 80% of what it would cost to rebuild or repair your home in the event of a disaster, up to 20% less than what it would normally cost. This means that if something happens to your house, such as a fire or a flood, your insurer will cover up to 80% of the costs associated with rebuilding or repairing your property. This can save you hundreds or even thousands of dollars depending on the size and scope of any damage that occurs. 

How Does It Work? 

For an insurance company to offer an 80/20 policy, they must first assess the risk associated with insuring your home. They will look at factors like location, age of construction, safety features, and more. Based on this assessment, they will decide if they are willing to offer an 80/20 policy for your property. If approved, you will get coverage for up to 80% of what it would cost to rebuild or repair your home in case of disaster, up to 20% less than normal. 

Benefits Of An 80/20 Policy 

The biggest benefit of an 80/20 policy is obviously financial savings. Plus, many insurers also offer additional discounts when purchasing a combined homeowners and auto insurance package with an 80/20 policy in Hailey, ID.  Contact Harrison Insurance and Financials LTD today to get started!

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