Imagine this: a summer storm rolls through, and your roof takes a beating. You file an insurance claim—only to find out your policy doesn’t cover the full cost to replace it. That’s when you learn two terms you wish you’d known sooner: Replacement Cost Value (RCV) and Actual Cash Value (ACV). Let’s break it down, […]
Replacement Cost vs. Actual Cash Value: What’s the Difference and Why It Matters Read More »
At The Harmoning Agency, we believe understanding your insurance coverage shouldn’t feel overwhelming. When industry changes make headlines, we’re here to help you make sense of what’s happening—without the noise or fear. One of those changes? Homeowners insurance rates are rising again in 2025. According to a recent estimate, Minnesotans could see an average 15%
What to Know About Homeowners Insurance Rates in 2025 Read More »
Insurance coverage can get confusing. At Harmoning Agency, we believe our customers should always know what they are buying. No matter the changes in the industry, this is and always has been our mission. We have been getting many questions on the differences between replacement cost coverage versus actual cash value coverage. Let’s take a
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It’s no secret that the insurance industry is rapidly changing everyday. At Harmoning Agency, we firmly believe in our mission of our customers knowing what they are buying. A new series of questions that has come to the forefront of many customer conversations is around the topic of percentage deductibles. To help continue educating our
How Could Percentage Deductibles Impact Me? Read More »
Many weather experts are warning Minnesotans to prepare for tough spring weather with strong winds, hail and more. As many of us know all too well, this can often lead to home insurance claims to repair damages. Hail storms are becoming more common in recent years and may be another contributing factor to raising home
How Increased Claims Caused Hike in Home Insurance Premiums Read More »