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  • Writer's pictureKelly Ann

Do You Have Enough Homeowner’s Insurance?


Over 65% of homes are not adequately insured. Too many homeowners think they are protected simply because they have insurance. Unfortunately, it’s not about just having insurance, more importantly, it’s about having adequate coverage for your home and property.


Know What Is In Your Policy

  • When it comes to insurance there are a lot of scenarios and possibilities. It is important to know what a policy does or does not cover.

  • Read your policy and be aware of terms used. Some are very broad, and others may be more restrictive. Pay close attention to how the insured and insured location is defined in the policy. Be on the lookout for things that may be left out of coverage limits.

  • Know the value of the items in your home. Taking a home inventory can help you identify what kind of insurance you will need to cover valuables should they become lost or stolen. It will also help you decide if you need extra coverage for larger ticket items such as jewelry, art, or heirlooms.

  • It is very important for policy owners to check whether they have a recoverable or non-recoverable insurance policy. Not planning ahead in accordance with your plan may leave you with costs you are not prepared for or comfortable covering.

Know the Limits & Purchase Additional Coverage

  • Most basic policies have limits, so extra coverage may need to be added to have you properly covered.

  • Most insurance policies do not cover wind, hail, earthquake, or flood damage. If you live in a high-risk area you may need extra coverage. The government also has programs that can help in these situations.

  • Pay attention to things left out of coverage limits, or whether you will be reimbursed purchase price or depreciated value for your home and overall property items.

Check-In & Make Changes

  • It is recommended that you have a personal insurance audit every few years to be sure your policies are in line with your assets, living situation, and lifestyle. Big life changes, like purchasing a new house, are good times to check in and possibly shop and compare rates to make necessary changes.

  • Talking with your insurance agent and doing an overall assessment of your possible risks and needs is the best way to get you adequately covered and to go over any needed changes. Also, knowing the basic terms of your insurance and being familiar with how it works and what is covered will help you to rest easy knowing you are prepared for unforeseen circumstances.


For too many people, it is only after an emergency that they realize they do not have adequate homeowner’s insurance. Don’t wait for a disaster to get your affairs in order. To best protect your home, property, and goods be sure you understand exactly what your insurance covers and what you may be left spending to make repairs.

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