Is Your Home Underinsured?

It has been estimated that about 2 out of every 3 homes in America are underinsured by an average of 22%. As inflation causes the cost of materials and labor to increase, so should your dwelling coverage. It's your responsibility to make sure you're "fully insured to value". That means you need to have enough insurance coverage to rebuild your home and replace all of your personal belongings in the event of total loss. Your agent should help you with this, but every home is unique and you know your home best.

Here is a list to consider when determining your insurance needs...

• Features - fireplaces, cabinetry, built-in features, vaulted ceilings
• Flooring - hardwood, tile, natural stone, carpeting
• Finishes - crown molding, windo and floor trim, faux paint, wallpaper, chair rails, etc
• Recent improvements you may have made (remodeled bathroom or kitchen, recessed lighting, built-in cabinets, new roof, etc.)
• A basement you may have finished or a room you may have added

Be sure to call your agent and discuss your insurance needs to make sure you are fully covered and protected in the event of a catastrophic loss.