X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The aftermath of a loss is the worst possible time to find out a property is underinsured, yet many homeowners are in this predicament following the record-breaking 2011 severe thunderstorm season.

Many factors can lead to an underinsured home, but in the end, homeowners are responsible for having adequate insurance coverage. Typically, insurance agents will help homeowners by estimating replacement costs for their homes. In some areas, it has become increasingly common for those replacement costs to exceed a home’s market value, often challenging the agent to explain the importance of insuring a home to its full replacement value.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.