By now you’re wondering, “What can I do to protect myself?” Here are a few tips to get you on your way to being fully insured.

• Look for a company who offers Guaranteed Replacement.
  These companies are far and few between and are very picky about who they cover, but they do exist.
• Go to a competitor for a FULL quote.
  See what other companies are offering. Tell them you want to be fully covered in case of a total loss.
• Have your insurance agent help you calculate the costs of rebuilding your home.
  They are the experts and deal with this every day. Rely on their expertise.
• Insist on TOTAL home replacement.
  Voice your concerns and wishes. Do not let it go unsaid.
• Insist on INFLATION GUARD.
  This will annually increase the amount of coverage you have by an inflationary calculation.
• Insist on PERSONAL PROPERTY floaters.
  If you have specialty items or an extra-ordinary amount of personal property, make sure they are covered.
• Insist on being told ALL products available.
  Ask if they have any additional products they could sell you as add-on’s to your homeowner’s policy. For example, some companies offer higher percentages for extended replacement, code upgrade, personal property and/or appurtenant structure coverage.
• Be aware of coverage for appurtenant or “other structures”.
  If you have a detached garage, guest house, large retaining walls, long walkways, large sheds etc, you might be in need of additional coverage for these structures.
• Increase the deductible to reduce the premium.
  If increasing your coverage is tightening your budget, get a discount by increasing your deductible. If you have a high deductible they know you won’t be turning to them for small “nuisance” claims.
• After reviewing your coverage, write a letter of thanks.
  Nothing is more frustrating than knowing you asked for more coverage and not being able to prove it later. Write a letter of thanks to your agent for reviewing your coverage to make sure you are fully covered.
  CC the home office.

[You can download our handout HERE]