Home Insurance. Thursday , March 01st , 2018 - 11:39:27 AM
Those 70 percent may enhance their coverage moving forward, but for them, it’s already too late. The uninsured damage has been done. If history is any indication, the key for consumers is to avoid being among this 70 percent left staring at a claim that will never be processed or only partially paid.
Given the number of uninsured and underinsured homeowners during the 2017 natural disasters, there seems to be a disconnect between homeowners understanding their coverage and what their policy actually covers.
In a year that’s brought potentially unprecedented damage across the United States from natural disasters, consumers surveyed by Clearsurance said they were concerned a natural disaster could also cause damage to their own home. Yet despite 87 percent of respondents expressing concern, very few took action by enhancing their existing insurance policy or purchasing a new one.
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