Under-Insured? – Part 1
So here’s a question to consider. Suppose your home is suddenly destroyed by a disaster, like a wildfire, hurricane, tornado, flood, windstorm, lightning, explosion or any other type disaster! How confident are you that your home would be rebuilt, your belongings would be replaced, and the ONLY EXPENSE you would have is your deductible? Most insurance companies insist YOU take responsibility for purchasing adequate coverage! The insurance gap has been worsened by the nationwide housing boom that has rapidly driven up the cost of lumber, bricks, cement and other construction materials. And locally, rebuilding costs have soared even higher due to the recent wildfires and Hurricanes Ike and Katrina. What if your home is one of many which will be more expensive to replace? Throughout the remainder of January, we will visit a series of reasons why YOUR home may be ‘under-insured’. These will be individual observations, which together could culminate in a substantial deficiency in your homeowner’s insurance. This deficiency will come out of YOUR pocket if you have to file a claim! Do not let a natural disaster catch you by surprise. Be prepared! Call Elzey Insurance at 281-998-2500 to make sure that YOUR home is completely insured!