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Fire Loss · answered on camera

Uncover Hidden Homeowner Policy Limit Insufficiency Problems Now

Quick answer

Are your homeowner's policy limits high enough? Often not, warns Pierce County, Washington fire-loss attorney Spencer Freeman—more than 60% of people are underinsured. That's because limits are frequently set by the mortgage company to protect its own investment, not to fully rebuild your home after a total loss. Few homeowners actively set those limits themselves, leaving a dangerous coverage gap.

Excerpt summaries from the video and transcripts · how we make them

Answered by Spencer Freeman · Pierce County, WA

Highlights

0:30

— why more than 60% of homeowners are underinsured

0:51

— how the mortgage lender, not your real risk, often sets your limits

Frequently Asked Questions

Are your homeowner's policy limits high enough?

Often not—more than 60% of people are underinsured.

Why are limits set too low?

Because limits are frequently set by the mortgage company to protect its own investment, not to fully rebuild your home after a total loss, and few homeowners actively set those limits themselves, leaving a dangerous gap.

→ Full interview on Attorneys.Media

Contact Spencer Freeman
Answered by

Spencer Freeman
Freeman Law Firm, Inc.

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