Your Home Is Probably Underinsured
Consider these questions to determine if you are underinsured:
Do you have enough dwelling coverage to replace or rebuild your home in the event of a loss? Consider the average price of lumber has risen from $300-400 per thousand board feet in 2019 to $1,000. today. (Random Lengths data 2021)
Upgrade your home during the pandemic? Your dwelling limits may not be enough to cover all the improvements to your home.
Working from home? Your business property limits may not be adequate enough to cover your work computer, equipment, office furniture, supplies and important documents.
Do you have more neighborhood kids in your home for learning pods or playdates? You may want to consider raising your limits of liability in the event of an injury in your home.
Renting your home or vacation property? Short term rental insurance protects you from damages that occur when someone else temporarily rents space in your home.
