This article has been reviewed by licensed insurance industry expert, Moshe Fishman on 8/30/2023
In the world of home insurance, one can't afford to be negligent. Whether you live in a hurricane-prone area or not, the right home insurance policy is a must-have.
Many people think that home insurance is only necessary if they're at risk of hurricanes, floods, or other natural disasters. This couldn't be further from the truth.
Home insurance is about more than just natural disasters. Fires, theft, and liability are risks everyone faces, regardless of their geographic location.
Setting the correct limits on your home insurance ensures you’re adequately covered in all scenarios. Opting for lower premiums might seem tempting, but the financial repercussions of being underinsured could be devastating.
What if your guest slips on your property? What if there's a small fire in the kitchen? Being underinsured can lead to immense out-of-pocket expenses.
Always consider the replacement cost of your home and possessions, not just their current value. Adjust your policy limits accordingly and consult your RELI Exchange agent for personalized advice.
Regardless of whether you live in a hurricane-prone area, proper home insurance coverage with the correct limits is indispensable.
Feel free to consult your RELI Exchange agent for personalized insurance advice tailored to your individual needs.