Most homeowners assume their policy covers them, until it doesn't.
Here are three coverage gaps we see regularly with homeowners across the country:
1. Wind and hail deductibles are often separate from your all perils deductible, and in our region, that distinction can mean thousands of dollars of unexpected out-of-pocket cost after a storm.
2. Flood damage is excluded from standard homeowners policies entirely and with just one inch of water capable of causing $25,000 or more in damage, that gap is significant.
3. If you’ve spent time renovating your house, your coverage limits may no longer reflect your home's value. A new kitchen, a finished basement, an addition, these all change what it would cost to rebuild. Your policy needs to keep up.
A quick policy review can make a meaningful difference. At Engage Insurance Group, we help homeowners understand exactly what they have and what they may be missing.
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