4,456,506
Caroline great question, I have been arguing with Diane that we need to look at the reality is what the land value is... then we need to look at the cost per square foot to rebuild and in all fairness that is the amount one should be insured not what the market value of the home is, Endre
-
Tammy Lankford,
Eatonton, GA
-
Susie Kay
Plano, TX
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Steve Higgins
Kelowna, BC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Raymond E. Camp
Ontario, NY
-
Nina Hollander, Broker
Charlotte, NC
5,230,068
Thanks for the tip, Caroline! I feel like we always over-insure when it comes to real property but, it's always worth checking and double-checking.
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Endre Barath, Jr.
Beverly Hills, CA
-
Steve Higgins
Kelowna, BC
4,572,183
Good advice. Important to inform clients.
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Doug Dawes
Topsfield, MA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Steve Higgins
Kelowna, BC
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
805,899
Thanks for the heads up! I know our primary home and rental property are. I hope the agent that I called 3 times to make sure what she quoted us was correct on our vacation home is indeed correct seemed low to us. She assured me it is, as they do a lot of homes in our community.
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
2,390,620
Is my house under insured.... not a chance! I've always been a firm believer in insurance. I took out flood insurance although we are not in a flood zone and the agent did all he could to talk me out of it. Well, long story short I was one of very few that had insurance in 2011 when 1/3 of our town was destroyed by a flood Caroline Gerardo .
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Steve Higgins
Kelowna, BC
-
Debe Maxwell, CRS
Charlotte, NC
6,393,404
Insurance companies are often reluctant to pay what it takes to fix the damage.
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Bob Crane
Stevens Point, WI
-
Diana Dahlberg
Pleasant Prairie, WI
-
Doug Dawes
Topsfield, MA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
1,196,798
No Ma'am. Covered very well and replacement cost. I have a friend that just returned from Nebraska working with a humanitarian team. She shared some stories that are heart-tuggers
-
Steve Higgins
Kelowna, BC
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
2,220,323
I just had an insurance representative come to the office and talk about this every same subject. Very interesting and big misconception with homeowners as to having the right coverage.
-
Steve Higgins
Kelowna, BC
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Anthony Acosta - ALLAT...
Atlanta, GA
3,345,091
Most homes are underinsured. Agents sell the cheapest coverage because that is what people are looking for. People need to wake up - get apples to apples plan comparisons. Read the fine print. Know what is covered and what is not ... and how much it will cost a homeowner to replace. I just reviewed my plans - I spend hours and hours and hours and days doing so. I am confident - I am covered.
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Steve Higgins
Kelowna, BC
-
Bob "RealMan" Timm
Minot, ND
-
Kathleen Daniels, Prob...
San Jose, CA
5,104,931
Not mine... that is one thing I've always been careful about... plus for personal property insurance and auto insurance, which in my case includes lots of coverage for uninsured and underinsured drivers.
-
Susie Kay
Plano, TX
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Doug Dawes
Topsfield, MA
-
Steve Higgins
Kelowna, BC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
5,049,183
This is certainly an important alert to think about - thank you!
-
Susie Kay
Plano, TX
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
1,844,301
This has always been a scam IMHO across the country. I got involved many years ago when they had my parents home over-insured. Wonder if it wasn't for the agent's benefit?
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
931,002
One would hope not. It's always a good time to check.
-
Debe Maxwell, CRS
Charlotte, NC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
-
Nina Hollander, Broker
Charlotte, NC
375,087
I think I am pretty dead on not including the land.
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
900,128
I think we're good; probably over insured with unnecessary "packages" that insurance company won't unbundle.
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
921,504
Dear homeowner,
Be aware banks make money, lots of money, by adding on fees.
Insurance companies make money. lots of money, by DENYING coverage.
ClaimsAhead, a company that compiles public data regarding insurance companies, reports that insurance companies statistically suppress compensation by 70%.
Those homeowners who hire an attorney to protect their interest, on average, receive 700% MORE that those who FSBO (the homeowner who trusts the insurance company.
It is a corrupt industry that requires corrupt surrogates to impose an illusion of fairness.
The FLORIDA defalut insurance company, Citizens, spends nearly 40% of their income in legal fees. If they lived up the the promise in their insurance policy, that 40% could go to citizens who lost their property.
Wait until I share my recent healthcare expereince.
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Dan & Laurie Pittsenba...
Bellingham, WA
5,216,398
I review it annually to make sure I have adequate coverage.
-
Susie Kay
Plano, TX
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Bob "RealMan" Timm
Minot, ND
7,836,134
This is a good alert to share.
-
Diana Dahlberg
Pleasant Prairie, WI
-
Doug Dawes
Topsfield, MA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
679,404
I believe we are fine. Best to be over-insured than under. Your Post is a great reminder for everyone to make sure they know what they are or are not covered for.
-
Steve Higgins
Kelowna, BC
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
-
Anthony Acosta - ALLAT...
Atlanta, GA
509,449
That's a good point. Some people have the same insurance for years and never revisit their coverage.
-
Steve Higgins
Kelowna, BC
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Susie Kay
Plano, TX
2,178,603
I feel I am adequately insured but one should review policies regularly.
-
Steve Higgins
Kelowna, BC
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
5,772,575
Good advice. A
-
Susie Kay
Plano, TX
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
5,583,278
no.... I have 100% replacement cost....
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
2,781,173
Probably....this is worth looking into ahead of time however
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
1,712,676
Nope.
-
Bob "RealMan" Timm
Minot, ND
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
1,239,901
The CA insurances are very strict and prefer home insurances are under not over... Rates all have hiked because of Paradise fire. We are all pyaing for it.
-
Michael Jacobs
Pasadena, CA
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
1,502,998
I just finished phase one of a two phase remodel. I'm probably under insured now since the materials and finishes have increased considerably.
Add in that the overall cost of materials is going through the roof, I doubt anyone is insured enough.
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
3,164,294
I have replacement coverage. I always will.
-
Endre Barath, Jr.
Beverly Hills, CA
5,868,544
I hope not, but went into detail with my agent last year when I bought.
1,311,397
On a personal basis, I should check into the scope of my coverage. For friends, associates and clients, it is a good idea to suggest that they do the same.
2,182,552
1,598,452
1,543,727
2,071,025
4,936,677
577,750