Insuring Your Home to Value ? Are You Protected?
If you had a devastating loss to your home, such as a fire, do you have enough insurance coverage to rebuild? Many homeowners discover too late that they do not have adequate coverage on their home. Often, people learn that they are underinsured only after a devastating loss. Don't let this happen to you! Contact your insurance agent, or insurance carrier, and ask them to complete a Replacement Cost Estimator for you on your home. This estimator will help you and your insurance agent or carrier to arrive at an approximate cost to rebuild your home.
Remember the following important information:
- Insurance Replacement Cost does not equal Market Value (it may be higher or lower)
- The Replacement Cost Estimator is only a tool used to approximate the cost to rebuild ? there is no guarantee of adequate coverage!
- The Replacement Cost on an older or more unique/custom home will be higher than that on a newer or more 'cookie-cutter' home
- Review all of your insurance coverage at least once a year with your agent or carrier
If you are in the market for homeowner's insurance, please visit the following website: www.janetscottbuckley.com