Even with the inflation hopefully leveling out, we are still seeing Home Insurance policies not having enough coverage to rebuild a home in the event of a catastrophic incident.
*Most homeowner policies have an inflation guard built in & because of this, you will see slight increases in coverage & premium each year. However, with the large jump in inflation for 2022, this sometimes is not enough. What to do? Most, if not all insurance agents have access to a Replacement Cost Estimator that lets us know an average of what it is going to cost to rebuild your home in today’s market based on construction material costs. If you are concerned with your coverage, please call your agent today for a re-evaluation and have peace of mind! We got you covered! *please refer to your policy for limits, coverage & exclusions.
