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A Policygenius survey reveals widespread misunderstandings about home insurance. (Photo: Shutterstock) Almost 30% of survey respondents thought home insurance costs hundreds, or even thousands, of dollars more than it actually does. (Photo: Shutterstock)

Almost half of the homeowners in the U.S. do not adequately understand how to calculate home insurance coverage. As a result, many may be overpaying for coverage they don’t need or are unknowingly underinsured and leaving their property under-protected in case of a disaster, says a new study from Policygenius.

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].

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