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You’ve got the wrong home insurance!

You’ve got the wrong home insurance!

You’ve got the wrong home insurance!
News from Fox Business:

Homeowners in disaster-prone areas of the U.S. increasingly are dealing with nightmare home insurance scenarios.

In the wake of tornados like the one that recently devastated the town of Joplin, Mo. — as well as fires, floods and hurricanes elsewhere — many homeowners who thought they were fully insured are discovering that the replacement-cost policies they bought are dramatically insufficient to replace or rebuild their homes. (Read more about home insurance basics.)

As a result, scores of underinsured homeowners face potential losses of tens or even hundreds of thousands of dollars.

“I would be conservative in saying that 70% or more of all homeowners are underinsured,” says Joe Brennan, owner of Insurance Claims Group Inc., based in Cary, N.C. Most people are underinsured at least 3…………… continues on Fox Business
… Read the full article


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