This isn’t a plug for insurance agents…it’s a plug for you. According to insurance industry information companies 58% of the homes in the U.S. are under-insured by an average of 22%. A lot of agents start you out with a low bid to win your business, but you may not be properly covered. The premiums typically get bumped up over time and that may help, but if you have a catastrophic loss you may not have enough insurance to cover your loss and re-build. Imagine being able to only re-build 75-80% of your home!

The incremental cost of upgrading your insurance to cover such an event doesn’t cost all that much and could save you ten-of-thousands of dollars if you suffer a loss. Gone are the days of “guaranteed replacement” and it is the Homeowner’s Responsibility to be sure they are properly insured…not the lender and not the insurance company. Get the right insurance coverage for your home. There are reports available that will help you shop for the right kind of insurance quote. Let us know if you have a story about a loss where a home wasn’t fully covered.