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Little Rock Office
1111 S. Bowman, Ste B-4
Little Rock, AR 72211
(501) 224-6666
(888) 214-3149
FAX (501) 224-0477

Conway Office
269 Hwy 65 North
Conway, AR 72032
(501) 327-4666
(888) 563-5656
FAX (501) 327-4684

Rogers Office
2894 W. Walnut Ave. Ste A
(479) 633-0505
(877) 633_0505
FAX (479) 633-9595

Sherwood Office
8210 Hwy 107 (JFK)
Sherwood, AR 72120
(501) 392-0300
(866) 861-8368
FAX (501) 392-0302

Homeowner's Insurance Questions
(Click here for Renter's Insurance)

What coverage is mandatory in Arkansas?
While Homeowner's Insurance is not required by Arkansas Law, it is usually required by Mortgage Companies.

What is Mortgage Protection Insurance?
Mortgage Protection Insurance is often confused with PMI or Private Mortgage Insurance. PMI, usually required by mortgage lenders when the amount loaned exceeds 80% of the appraised value protects the Mortgage Company if you fail to make your payments. The Homeowners Equity Protection Act of 1998 stipulates when the Mortgage Company must cancel PMI coverage. Mortgage Protection Insurance, on the other hand, is simply a life insurance policy designed to pay off the mortgage if the borrower dies. Term Life Insurance, in many cases, is a better alternative. Our agents will help you determine what is best for you.

What does Insurable Interest mean?
Insurable Interest is a legitimate financial interest in the property being insured. The most common legitimate interest is ownership of the property being insured. Mortgage companies have an insurable interest due to the creditor-debtor financial relationship. If you would suffer financially if the property was destroyed, chances are you have an insurable interest. For insurance purposes, your insurable interest must exist at the time of loss. The Principle of Indemnity is designed to restore the insurance policyholder to the same financial condition enjoyed prior to the loss.

What is Replacement Value?
Essentially, replacement value is the amount of money it would take to replace your home. Please note, replacement value is not what you paid for your home, nor is it the amount you have mortgaged. It is the current value of replacing your home and includes inflation rates since your initial purchase and the current cost of building materials and labor. It does not include the cost of the land on which your home sits. For more information, read Determining Your Home's Replacement Value.

Do Homeowner policies cover jewelry, computers and other expensive items?
Yes, but there may be limitations on the actual coverage value. Personal property is usually covered for about half the value of the dwelling coverage. For instance, if your home is insured for $100,000, your personal property would be insured for $50,000. Basic Homeowner policies limit the amount of coverage for jewelry, computer equipment, stereo equipment to maximums within that $50,000 example, sometimes only $1,000.00. "Endorsements" or "riders" can be added to basic Homeowner policies to provide additional coverage. Depending upon your personal needs, a special policy may be needed. This is an important insurance question that can best be answered by talking with one of our agents. (Back to Top)

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