Underinsurance is when you don’t have enough insurance to cover all the costs of rebuilding your home. You are considered to be underinsured if your insurance covers less than 90% of the rebuilding costs.
Increasing your insurance cover may not cost very much, and you may even be able to get more cover for the same or a lower price.
Contact us to discuss your home insurance needs here.
Read full article here. Source: Moneysmart Photo: Shutterstock
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