Preheader

 

Get A Quote About Contact Home Page
  • Home
  • Get a Quote
    • Apartment/Condo
    • Automobile
    • Aviation
    • Boat
    • Business
    • Farm
    • Flood
    • Homeowners
    • Life
    • Motorcycle
    • Recreational Vehicle
    • Renters
  • Customer Service
  • Make a Payment
  • Claims
  • Resources
    • Refer a Friend
    • Hurricane & Flood Info
    • Louisiana Department of Insurance
    • Our Carriers
    • Insurance Glossary
  • Secure Area
  • Blog
  • Areas We Serve
    • Gulf Coast Region
    • Baton Rouge
    • New Orleans
  • About
    • About Us
    • Our Locations
    • Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
 
McInnis Insurance Services, Inc.

Personal Business Life Entertainment Medical Professional
Home > Blog > How to Determine Whether You Are Underinsured for Your Home Insurance
TUESDAY, FEBRUARY 8, 2022

How to Determine Whether You Are Underinsured for Your Home Insurance

Having enough insurance to cover the replacement costs of your home is critically important when purchasing homeowner’s insurance. However, 59 percent of homeowners do not have enough homeowner’s insurance to protect their investment. These homeowners only have enough insurance to cover about 78 percent of the costs of replacing their home after a total loss. You can determine whether you are underinsured by considering the following. 

Analyze Your Home Insurance Coverage outside of a home and a car parked in the driveway

Your existing policy is the best place to start to determine whether your coverage will be enough to replace your home. A thorough assessment of your all the coverage you have, along with the monetary limits associated with each coverage, will help you see areas of need in your policy. 

Research Replacement Costs 
The replacement costs for your home should be based on the costs of replacing your home today, with the current prices of building materials. If you have owned your home for a few years, the best way to determine the cost of replacing your home is to research homes similar to yours that have recently been constructed. By assessing the prices of these homes and factoring out the cost of the lot, you will have a good idea of what you should purchase for your homeowner’s insurance. 

Talk to an Agent about Increasing Your Policy 
After taking the time to complete your research, talking to your independent insurance agent will help you get the coverage you need for your property. He or she will examine available coverage options in order to ensure that you have enough insurance to cover your home. 

Although you may never want to be in the position where you have to file a claim with your insurer, it is better to have enough coverage than not if you do have to file a claim in the future.  

Do you have the right amount of coverage? Call McInnis Insurance Services at 844-926-0860 for more information on Baton Rouge home insurance.

Posted 4:01 PM

Tags: homeowners insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015

  • insurance(34)
  • coverage(29)
  • home insurance(18)
  • mcinnis insurance services(16)
  • renters insurance(15)
  • auto insurance(15)
  • life insurance(13)
  • louisiana(10)
  • baton rouge(10)
  • protection(7)
  • baton rouge la insurance(7)
  • tips(6)
  • liability(5)
  • car insurance(5)
  • safety(5)
  • entertainment insurance(5)
  • business insurance(4)
  • policy(4)
  • spring storm tips(3)
  • homeowners(3)
  • car(3)
  • property(3)
  • premiums(3)
  • rates(3)
  • options(3)
  • condo insurance(3)
  • flood insurance(3)
  • costs(3)
  • new orleans(3)
  • value(2)
  • home(2)
  • baton rouge insurance(2)
  • motorcycle insurance(2)
  • damage(2)
  • life(2)
  • jewelry insurance(2)
  • belongings(2)
  • homeowners insurance(2)
  • auto(2)
  • renters(2)
  • accidents(2)
  • fire(2)
  • savings(2)
  • policies(2)
  • transportation(1)
  • at-fault(1)
  • exclusion(1)
  • summer(1)
  • beneficiary(1)
  • alarms(1)

View Mobile Version
icon Our Latest Blog
Read more >
icon What People Are Saying
Read more >
  • Progressive
  • CNA
  • Travelers
  • Liberty Mutual
  • Safeco
  • America First
  • America First
  • guard
  • gulfstates
  • lighthouseexcalibur
  • metlife
  • southernfidelity
Connect With Us: Facebook Twitter LinkedIn Google+ Yelp RSS
Icon

Visit Us

Agency
McInnis Insurance Services, Inc.
7814 Office Park Blvd
Baton Rouge, LA 70809

Phone: 225.926.0860
Toll Free: 844.926.0860
Fax: 225.923.3418
Icon

Site Links

Personal Insurance
Business Insurance
Life Insurance
Entertainment Insurance
Medical Professional Insurance

Hurricane & Flood Information
Make a Payment
Customer Service
File a Claim
Contact Us
Please note that we cannot bind insurance via email, fax or phone. Any quotes given are subject to underwriting guidelines by the respective insurance carriers. Any reference of coverage used is not intended to express legal opinion as to the nature of coverage, but rather just a brief generalization of coverages. Please read your policy for specific details of coverages.
© Copyright 2017. All rights reserved. Powered by Insurance Website Builder
How Can We Help You?
or call us at
225.926.0860