Property Insurance Alert! – Coverage is Everything.

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Home insurance companies: USAA, Amica, Erie, MetLife and Auto-Owners – were among the highest rated in Consumer Reports’ most recent survey of more than 85,000 subscribers. About 7,400 of them, or 8 percent, reported filing claims from 2013 to 2016 with a company on the CR ratings chart. However, good insurance doesn’t always equal good coverage.

It’s important to keep in mind, even if you have a policy with one of the top rated insurance companies, your policy is only as good as your coverage. Satisfaction with your insurance company breeds complacency and what you don’t know or forget about your policy could catch you off guard when trouble hits.

www.cavalrypublicadjusters.com

According to CoreLogic, a company based in Irvine, California, that provides data to most home insurers; about 60% of all U.S. homes are underinsured by an average of 20 percent. Some reasons for being underinsured includes, rising labor and construction costs, remodeling or additions since the policy was purchased and errors in the original policy’s property description.

Some homeowners also don’t realize that a standard policy doesn’t cover everything. For example, 56 percent incorrectly think that flood insurance is covered by a standard policy, according to Princeton Survey Research Associates International.

Take some time to review your policy with your family and ask your insurance agent whatever questions you need answered. You can also contact a Public Adjuster such as the experts at Cavalry Public Adjusters who provide policy reviews free of charge at the convenience of your home.

www.cavalrypublicadjusters.com

In Florida some important coverage’s you may want to include in your property insurance policy would be:

Flood insurance, sewer backups, rebuilding cost and of course make sure hurricane is included.

Another good option is to extended replacement-cost coverage, which typically pays up to 25 percent beyond regular limits to cover the spike in materials and labor prices that often occurs in the wake of natural disasters.

Source: Consumer Report, CR.org

Contact Cavalry Public Adjusters for a FREE policy review and consultation with no obligations, 305-898-7562. cavalryclaims@gmail.com www.cavalrypublicadjusters.com


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