Do you have enough homeowners insurance?
Posted on Mon, Nov 22, 2010
If a fire or flood destroyed your home, do you have enough homeowners insurance to rebuild it? Many homeowners find themselves underinsured for two reasons: they have renovated their home or built a nice addition that added value to their home, but they didn't buy more insurance to cover it. Or they live in an area where construction costs are very high.
Check out this video from the Insurance Information Institute to find out the three most important questions to ask your insurance agent.
*In the state of Massachusetts, homeowners insurance does not cover floods.
Make sure to have your policy reviewed annually to ensure that you're adequately protected. As part of this review process, we can work with you to establish or update the replacement cost of your home.