With the cost of reconstruction skyrocketing over the past few years, many people do not have enough insurance to replace their home should it need to be replaced or repaired due to a major storm or catastrophic event.
When was the last time you reviewed your coverage? Most people don’t know if they are under or over insured. Chances are, if you haven’t reviewed this in the past year or two you may not have enough. Your homeowner’s insurance should cover what it would take to rebuild your home from the ground up as well as remove debris. With hurricane season looming, now is the time to evaluate this.
And here’s the good news; carriers are getting more competitive so the opportunity to lower your rate is greater than ever before.
Landlords should especially want to review coverage amounts. The last thing you need is to lose rental income and also incur damage beyond what your carrier will cover. Any unforeseen expenses should the property become unrentable due to a storm will cost you in revenue as well as replacement value.
To get your insurance requoted, use who I personally use! Josh is a Property & Casualty Agent at Alliance & Associates, one of the largest independent agencies in the state of FL.
Joshua Woolbright, Alliance and Associates Insurance
904-593-3619
