According to a recent study, 59% of homeowners didn’t know what ‘replacement value’ means in terms of home insurance reimbursement. (Photo: Shutterstock)
PropertyCasualty360.com reports that a new survey from Insurance.com surveyed 1,000 homeowners to find out how much they know about their home insurance policy, if they shop for the best rates, and whether they’re discussing needed coverage changes with their insurer.
According to the results, it turns out that many homeowners don’t understand how their home insurance coverage works, and many aren’t shopping a policy to get the best price. Almost half (48%) don’t understand what liability home insurance covers and nearly a quarter (24%) have no idea how much liability insurance they have.
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As important as it is to purchase the right policy, it is equally important that you understand the terms of your policy so that you know your rights and obligations under insurance law. If you ever experience property damage and are not sure what the next step is, call the team of professional adjusters and attorneys at the Insurance Litigation Group (ILG).
At ILG, we can handle your entire claim from beginning to end.
So if your property was damaged during a tropical storm, hurricane or other severe weather event or if you have roof damage, roof leak, pipe burst, plumbing backup, water damage, wind damage, mold, smoke-fire damage, lightning, hail, flood, theft, vandalism, or construction defects DON’T WORRY, the experienced and aggressive adjusters and attorneys from ILG are on your side. The ILG team, will help you determine what you are owed under your policy and will advocate on your behalf to see that you get the full benefits you are entitled to.
Don’t delay and contact us today for a free consultation in Florida.