Kelly Thompson, Medicare Insurance Agent

About Me

Not all home insurance policies pay the same way when a claim is filed. Replacement cost coverage pays to rebuild or repair a home using current materials and labor costs, while actual cash value coverage deducts depreciation before paying a claim. The difference can amount to tens of thousands of dollars. Wilson-Thompson Insurance Services in Louisville, KY helps homeowners understand which type of coverage they carry and whether it is adequate given the current cost of construction in the region. As an independent agency, they compare options from multiple top-rated carriers and explain the trade-offs between these two approaches in plain language. Many homeowners are surprised to find that they are carrying actual cash value coverage when they thought they had full replacement cost protection. This is the kind of detail that matters most when filing a claim.