The world has changed. Has your homeowners kept up?
1. When was the replacement cost analysis performed on your home? In the current housing and construction market, it’s important to update it regularly.
2. Are you sure you have water back up coverage? Even if you do, is it sufficient? Recent storms point out the value of this coverage. For example, you may know homeowners who had water in the basement for the first time.
3. What is the scheduled limit on your homeowners policy for personal property? Most homes have expensive electronic equipment and appliances and values keep increasing. If you have jewelry, art, collections above the limit, are they scheduled separately on your policy?
4. Do you have an umbrella policy? Even if you do, are the limits sufficient? Even a few years ago, $1 million seemed sufficient, but not today. The cost for higher limits is reasonable.