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Now Is The Time To Make Sure You Have Adequate Homeowner’s Insurance

Now is the time to take inventory of your homeowners insurance policy to make sure you are not under-insured. After disaster strikes, it’s too late. Sadly, many people have learned after their home was destroyed that their policy did not pay enough to rebuild. 

A nationwide survey reveals that as many as two-thirds of all homeowners are underinsured by 18 percent. That means that if your $200,000 home is destroyed by fire, floods or other natural disasters, you must come up with $36,000 to rebuild. In areas where the cost of rebuilding has increased, this figure will be significantly higher. 

How can you ensure that you have adequate coverage should the unthinkable happen? It is recommended that you first buy the highest cap affordable. Don’t be cheap when it comes to your life’s biggest investment. Make sure you get replacement costs and not actual cash value for the contents in your home. C

Contact an insurance agent today to help answer questions about the coverage you have now and any additional coverage that you may need. 

For more information on property insurance, commercial insurance and auto insurance contact the Floyd Insurance Group serving the Idaho Falls, Idaho area today.