Dwelling Coverage
Is your home adequately insured? In today's market, how can you be sure that your home has adequate coverage? Although most homeowner's policies contain an inflation guard provision, which increases your dwelling coverage by a small percentage every year, this may not be enough to cover the unprecedented housing cost increases in the Bay Area and other high growth areas of the State.
Reconstruction often costs more than new construction, taking into account the additional costs of demolition, debris removal, and building code upgrades that are all part of reconstruction costs.
So how can you be sure that your home is "insured to value?" We suggest that you contact a professional appraiser or consult with a local habitational general contractor. And be sure to periodically review your homeowners' policy.