Underinsurance Epidemic
Did you know that over 60% of homeowners don't have enough insurance for their homes? This is according to a study by Nationwide Insurance (in the top 10 personal insurance companies in the US). This can lead to a lot of problems if something bad happens, like a fire or natural disaster. This article will talk about the problem of not having enough insurance, what it means for homeowners, and how to fix it. The Underinsurance Problem: Insurance can be hard to understand. Sometimes, homeowners might not know how much coverage they really need. They might not know how much their property is worth, forget to update their policies, or not understand what their policy covers. This can leave them unprotected. What Happens When You're Underinsured: [...]