Do You Have Adequate Coverage For Your Home and Contents? Read What Happened To Some Unfortunate Folk.
Like many other fire victims across California in recent years, Newman found out that the value of his insurance had failed to keep pace with the rising cost of home construction. He learned too late that he was underinsured.
Just how widespread this problem has become was highlighted in a survey scheduled to be released today by a consumer group that showed Newman’s anger and frustration is far from unique.
He is one of 274 victims of last fall’s Southern California fires who took part in a study about their losses. Three-quarters of respondents complained that they didn’t have enough insurance to pay their rebuilding costs.
Don’t let this happen to you, keep a regular check on your home and contents insurance that the cover you have is keeping up with the increase in costs of rebuilding and replacing. Too many times we just pay the renewal fee of our insurance policies without any thought to what if?
To read more on the article above click here
Or maybe first, get out your insurance policies and do some checking….
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