Uncover Hidden Homeowner Policy Limit Insufficiency Problems Now
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.
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Answered by Spencer Freeman · Pierce County, WA
Highlights
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.
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