Insurance Claims Settlements - Castaneda Insurance Services, LLC

CLAIMS SETTLEMENT
Residential property policies also offer different methods of repairing or replacing your property:

• REPLACEMENT COST - pays for all necessary expenses associated with rebuilding or repairing damaged property, up to the policy limits, less any applicable deductible amount.
• ACTUAL CASH VALUE - factors in depreciation costs to your claim and pays you the costs to replace or repair the damaged property, less this depreciation and less any applicable deductible amount.

PLEASE NOTE: Most insurance companies that offer replacement cost will initially pay for the loss on an actual cash value basis. The company will pay any additional costs associated with the "replacement cost" once repairs have been made to the property, or the damaged property has been replaced.
Castaneda Insurance Services, LLC
PO Box 197
Helotes, TX 78023
O: 210-696-2723
F: 210-568-2129
cis.sanantonio@yahoo.com
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Types of Insurance Coverage - Castaneda Insurance Services, LLC

TYPES OF COVERAGE
There are two basic types of coverage offered under residential property policies:

• ALL RISK - (also known as a comprehensive coverage or open perils coverage) - offers broad protection and covers all perils unless they are specifically excluded by the policy. You should always carefully review the excluded causes of loss section of your policy. Even the most comprehensive policy will exclude certain types of loss (damage caused by flood, for example).
• NAMED PERILS - (also known as specified perils coverage) offers narrower protection than an all risk policy and covers only those perils specifically named under the policy. A policy that offers named perils coverage will also contain exclusions to perils named under the policy. If you are thinking of purchasing a policy that provides named perils coverage only, it is important make certain that the policy provides coverage for the perils that most concern you.

Castaneda Insurance Services, LLC
PO Box 197
Helotes, TX 78023
O: 210-696-2723
F: 210-568-2129
cis.sanantonio@yahoo.com
Auto Insurance ~ Home Insurance ~ Motorcycle Insurance ~ RV Insurance ~ Boat Insurance ~ Rental Property Insurance

Flood Insurance - Castaneda Insurance Services, LLC

FLOOD INSURANCE
Residential property policies do not cover damage caused by flood. Most residential property policies define flood to include: surface water, waves, tidal water, storm surge, tsunami, seiche, overflow of a body of water, or spray from any of these.

Castaneda Insurance Services, LLC
PO Box 197
Helotes, TX 78023
O: 210-696-2723
F: 210-568-2129
cis.sanantonio@yahoo.com
Auto Insurance ~ Home Insurance ~ Motorcycle Insurance ~ RV Insurance ~ Boat Insurance ~ Rental Property Insurance

Castaneda Insurance Services Tenants and Renters Insurance Policies

TENANTS & RENTERS
Tenant or renters insurance covers personal property inside an apartment or other rented structure.
PLEASE NOTE: Tenant policies do not cover damage to the interior or exterior of a structure.
Tenant policies will reimburse you for medical expenses and liability claims resulting from property damage and personal injury to other people caused by you or members of your family. A tenant policy will also pay for additional living expenses (or ALE).
Castaneda Insurance Services, LLC
PO Box 197
Helotes, TX 78023
O: 210-696-2723
F: 210-568-2129
cis.sanantonio@yahoo.com
Auto Insurance ~ Home Insurance ~ Motorcycle Insurance ~ RV Insurance ~ Boat Insurance ~ Rental Property Insurance

Condominium Insurance for Condo's

CONDOMINIUM
Condominium policies cover alterations, appliances, fixtures, and improvements that are part of the interior of the condominium unit. Condominium policies can also cover the condominium owner’s personal property and can reimburse you for medical expenses and liability claims resulting from property damage and personal injury to other people caused by you or members of your family.

Castaneda Insurance Services, LLC
PO Box 197
Helotes, TX 78023
O: 210-696-2723
F: 210-568-2129
cis.sanantonio@yahoo.com
Auto Insurance ~ Home Insurance ~ Motorcycle Insurance ~ RV Insurance ~ Boat Insurance ~ Rental Property Insurance

Dwelling Insurance for Rental Properties

DWELLINGDwelling insurance policies are different from homeowner policies because they do not require the insured property to be owner occupied. Dwelling policies typically cover rental properties but can also be offered to policyholders in those instances when the structure does not qualify for the company’s homeowner’s policy.

Castaneda Insurance Services, LLC
PO Box 197
Helotes, TX 78023
O: 210-696-2723
F: 210-568-2129
cis.sanantonio@yahoo.com
Auto Insurance ~ Home Insurance ~ Motorcycle Insurance ~ RV Insurance ~ Boat Insurance ~ Rental Property Insurance

Home Insurance

HOMEOWNERS
Homeowners insurance provides you financial protection in the event that your home is destroyed or damaged due to unforeseen or catastrophic event. In addition to your home, homeowners insurance also covers your belongings (or personal property) and can reimburse you for medical expenses and liability claims resulting from property damage and personal injury to other people caused by you or members of your family.
A homeowner’s policy will also pay for additional living expenses (or ALE). ALE will cover your expenses if you are forced to move into a hotel or apartment temporarily because of a covered loss to your home.

Castaneda Insurance Services, LLC
PO Box 197
Helotes, TX 78023
O: 210-696-2723
F: 210-568-2129
cis.sanantonio@yahoo.com
Auto Insurance ~ Home Insurance ~ Motorcycle Insurance ~ RV Insurance ~ Boat Insurance ~ Rental Property Insurance