How Much Home Insurance is Enough?

It is a good idea to reexamine your coverages and limits from time and time, especially whenever you make additions or improvements.  

Here are some steps you can take to reduce the danger of being seriously underinsured:

1.  Call Insurance By The C Agency.  If you have questions or concerns about the limits in you policy, ask us to show you how those amounts were calculated.

2.  Read your policy.  Certain property, such as jewelry, and certain perils, such as flood, are better insured separately.  Knowing what is covered and for how much will help make sure you are properly insured.

3.  Review.  At each annual renewal of your policy, you receive a new Policy Declarations page showing limits of coverage and optional coverages.  Review this information.  If you do any significant remodeling or add a family room, extra bedroom or bathroom, tell us about these changes so your coverage limits can be adjusted to cover the improvement.

4.  Consider carefully whether your policy provides all the protection you need.  Does it provide coverage for extra costs resulting from building code changes?  Does it automatically increase coverage limits annually to keep pace with inflation?  Does it provide additional funds if the cost of rebuilding your home exceeds the policy limits?

If there is anything in you policy you do not understand, contact Insurance By The C Agency and ask for an explanation.