Home Insurance is Changing—Are You Covered?
If you haven't recently checked your home insurance policy, now's the time. With rising costs and shifting coverage, the last thing you want is to be caught off guard when disaster strikes. A little preparation today can save you stress—and money—down the road.
Why Home Insurance Costs Are Rising
More Extreme Weather—Storms, wildfires, and floods occur more often, leading to higher insurance payouts.
Rising Repair Costs – Labor and material prices have soared, making home repairs more expensive.
Stricter Insurance Policies – Companies are raising rates, reducing coverage, and being more selective about who they insure.
What This Means for Homeowners
Insurance companies are increasing premiums to cover their losses. With more claims and higher rebuilding costs, In some cases, companies are pulling out of high-risk areas altogether, leaving homeowners scrambling for coverage. Those that stay offer less protection, meaning more out-of-pocket costs when disaster strikes.
Are You Fully Covered? Many Homeowners Aren't.
You should take the time to review your policy for these key areas:
Don’t assume your policy covers everything.
✔ Dwelling Coverage – Does your policy reflect today's rebuilding costs? If not, update it.
✔ Additional Living Expenses (ALE) – Will it cover temporary housing if your home is unlivable? Check the fine print.
✔ Water & Fire Damage – Some policies only cover specific types. Make sure you're protected.
✔ Exclusions & Limitations – What isn't covered? Know before it's too late.
How to Stay Ahead
✔ Review Your Policy Yearly – Rates and coverage change. Make sure yours still works for you.
✔ Ask Questions – Does it cover disasters common in your area? Are your limits high enough to rebuild?
✔ Consider Extra Coverage – Standard policies do not include flood or earthquake insurance. At-risk properties will require you to add this coverage. ✔ Work With Experts Like Imagineer Remodeling – We help homeowners navigate insurance claims, property damage, and repairs. From mitigation to restoration, we've got you covered.
Final Thoughts
Home insurance underwriting and coverages are constantly evolving. A quick policy review now could prevent financial headaches later. Stay informed so you don't have to deal with expensive surprises. Not sure where to start? That's where we come in. Imagineer Remodeling helps homeowners with insurance claims, damage repairs, and restorations. Contact us today to protect your home with confidence.