What can I do to make certain that I have enough
insurance?
Your home is your most prized asset. With severe weather on the rise across the country, it's more important than ever that homeowners review their insurance coverage.
All homeowners should insure their houses according to what it would cost to rebuild the house in the event it is destroyed. This amount is called the replacement cost, and it is different from the market value of your home and even from your tax assessment value. An accurate assessment of your home's replacement cost is essential to making sure you have enough coverage.
| Know your home |
| Quick - in what year was your house built? What type of foundation do you have? These are the types of details your insurance provider needs to know in order to calculate the replacement cost of your home and make sure you have the right coverage. The will help you and your broker or agent get the correct information. |
| Go to a pro |
| Your insurance professional can help you calculate the right rebuilding value based on the details you provide about your home. You may also wish to hire a professional appraiser. |
| Take stock of your stuff |
| A complete inventory of your belongings will help you get the right coverage and make it easier to file a claim. Click here to complete a room-by-room inventory of your possessions |
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