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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.

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