How Much Home Insurance Should I Buy?

Remember the old Goldilocks story; Not to hard, not to soft, but just right.  The same idea applies to homeowners insurance. If you buy more than you need you’ll be paying more than you should. If you buy less than you need, then you’ll be under insured at the time of loss and could face tens of thousands of dollars in out of pocket costs.

Everyone seems to get the idea of avoiding over coverage, but according to CoreLogic, 60% of U.S. Homeowners are under insured. Want to know why? Because homeowners are totally focused on the cost they pay for insurance now and not thinking about the cost they will pay later if they are under insured. For example, if your house is covered for less than it will cost to rebuild it then you have to make up the difference out of your own pocket! It really doesn’t cost that much more to get the “just right” level of coverage. With hurricane season upon us, this is the perfect time to take a look. Remember, you can change your home insurance any time you like. There's no reason to wait until you policy renews to get the right coverage and possible save money.​

Just ask TIM ( Teal Insurance Management ) to review your current policy. It’s doesn’t take much time and you could be saving yourself a lot of money down the road. Give us a call or send us an email, we stand ready to help.