When was the last time you looked at your insurance coverage on your personal and investment property? With the economic conditions and the values of Homes changing drastically over the past few years, it may be a good time to contact your insurance agent on updating your policies to ensure proper coverage.
In the past couple of years, home values have decreased considerably in some areas. We have been in a buyers market for the past couple of years which has changed the value of housing. . Because of this, you as a homeowner need to make sure you have proper coverage, in case you have to make a claim. Because of the fluctuating of values it is your responsability to investegate the proper coverage. It is your responsibility to contact your agent to ensure your insurance policy is updated.
In a fast-paced economy, insurance costs are rising and agencies are going out of business because of catastrophe claims made following the hurricanes of 2004. Don’t wait until it is too late and you find out you don’t have enough coverage to replace your investment or if you are over insuring.
Contact an insurance agent today, or your REALTOR® for an agent near you.
Fezler,Russell & Ferrie, Inc.