[ ASK THE EXPERTS ] Is your home underinsured?

[ ASK THE EXPERTS ] Is your house underinsured?

We recently sat down with Berkeley and Company, who is a local insurance agent that offers creative solutions for their clients. The conversation originated over lunch at Urban Cookhouse and it was so interesting that we knew we had to bring it to your attention.

In our conversations, we realized that because the Real Estate market has had such a run over the last few years, that many people in the market are likely grossly underinsured. The rising costs of construction coupled with Real Estate gains has many people behind the mark on their replacement costs for their current home. Most insurers provide a 5% bump annually on their policies to account for inflation, but as many of you know, the cost of construction and Real Estate has far outpaced that amount.

We encourage you to reach out to Berkeley and Co (or your current provider) to check your policy limits and make sure you have proper coverage.