Do You have Appropriate Homeowners Insurance Coverage?

As a homeowner, do you have appropriate homeowners insurance coverage?

Given the increase in home values of the last several years, it is important to be sure that your insurance would cover the cost to rebuild, in the event your house was destroyed by fire.

One insurance tracking firm estimates that the average under-insured shortfall is approximately 20-25%. Even if you have guaranteed replacement or an extended replacement policy, you can still face coverage gaps. Check with your insurance carrier to determine if you have adequate coverage in the event of a loss.

Also, remember that your regular policy typically does not cover losses as the result of a flood. If you live in a flood plain, you need flood insurance. To do so, contact the National Flood Insurance Program at (88 379-9531 or visit their web site.