Posted On 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
Updating insurance coverage before severe weather hits can prevent costly damage.
Sources: Consumer Reports