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✉news BusinessPersonal Finance first seen 15 h ago, last 1 h ago, peak #1

Homeowners face hidden insurance coverage gaps

Original: Many homeowners have a big insurance coverage gap — and don't even know it

Many homeowners are underinsured and do not realize it, according to CNBC reporting. Coverage often falls short of rebuilding costs because home values and construction expenses have risen faster than policies have been updated. The report urges homeowners to review their policies, check replacement-cost limits and consider inflation or building-code riders before disaster strikes.

Why now: Rising rebuilding costs and recent natural disasters are renewing concern that standard home policies leave owners exposed

CNBChomeowners

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