Your Home Insurance Checkup

  • March 22, 2017

From flooding in California, to tornadoes in the Midwest, to last week’s Northeastern snow storm, 2017 has already seen its fair share of inclement weather.  Each season and region is susceptible to its own natural disaster and homeowners’ insurance is not one size fits all. 

Norrine Brydon, head of research at CoreLogic, reports about 60% of homes are underinsured by about 20%.  The market value of the home is not comparable to reconstruction costs.  Home insurance agents can develop a more accurate replacement cost.

Home Insurance To-Do List 

  • Review home’s vital statistics listed in the policy. Upgrades like new appliances or an additional room make a substantial difference in insurance needed.
  • Get a “new-policy” quote. This estimate will be more up-to-date and accurate than a “renewal” quote.
  • Request a copy of the reconstruction valuation report. Review and make any corrections or update any inconsistencies.
  • Repeat the process every year or two. Many homeowners make the mistake of neglecting their home insurance after signing up for the initial policy.  The market changes and so does the reconstruction value of the home.

Updating insurance coverage before severe weather hits can prevent costly damage. 


Sources: Consumer Reports

Cindy MacDonell
Senior Loan Officer
NMLS # 316198
Branch NMLS # 1270689

Cindy MacDonell

PHONE: (707) 781-8185

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