Is Your Homeowners Insurance Replacement Coverage Accurate?

luxury home

The last time our new client discussed the value of their homeowner’s policy with their previous agent was 12 years and three renovations ago.

Our audit found that their property was now worth $1M in replacement value, but they had a policy with coverage for only $450,000. If disaster had struck, they would have been on their own for over half the value of their home.

In addition to correcting this oversight, we also educated them about the importance of an umbrella policy. As a parent of three active children, the client’s risk exposures created through carpools, slumber parties, and social media were significant. An umbrella policy of $1M over their net worth will help them mitigate those risks as well, ensuring their family is protected from all sorts of disasters.


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