We work to be sure that all of our clients are properly protected. We can help you understand how much home insurance do you really need.

So many people secure homeowners insurance when they purchase their homes, and then pretty much forget about it. The premiums may be added to your monthly mortgage payment making your home insurance an out of sight, out-of-mind detail. Of course, your insurance company is required to notify you of any rate increases, but what about when your coverage is no longer sufficient to replace your home in the event of a disaster? This may lead you to ask, “How much home insurance do you really need?”

Consider the current economic climate

When was the last time you took a really good look at your homeowners insurance policy? Storms and fires in Colorado in the last few years have led to significant, and justified, insurance rate increases. In addition to natural disasters, we have also experienced an increase in labor and materials cost. You may be surprised to discover that you are actually underinsured for the current economic situation we now find ourselves in. 

Review your home insurance coverage

For these reasons, it’s very important to review your current coverage with a qualified insurance agent. The cost to insure a home is going up as the risk of disasters go up alongside the rising cost of labor and materials. You don’t want to find yourself in a situation of enduring a devastating loss and not having enough coverage to rebuild your home or cover major repairs. 

Protect yourself in the event of a claim

The time to start preparing for a disaster or unexpected loss is now. Ask your insurance agent for a review of your current policies to be sure that you are sufficiently covered. At Elizabeth Bryson Insurance Group all of our clients who lost their homes in the fires of the last few years had the proper coverage. We work to be sure that all of our clients are properly protected. We can help you understand how much home insurance you really need. Contact us today!