Wow! Two out of three American homes are underinsured! Does your family have enough coverage? If you were to face a total loss, being underinsured could be a costly predicament, indeed. Read on for more information about properly assessing your home’s value.
Understanding the Difference Between Dwelling Value and Real Estate Value.
The insured value of your home, dwelling value or reconstruction cost determined on your home insurance must be enough to rebuild your home after a covered loss. According to Nationwide Insurance two out of every three homes in America are underinsured.
One of the reasons people are uninsured is surely because they don’t necessarily understand what needs to be considered in order to properly insure their homes.