When did you last review your home insurance policy?

Anyone who has purchased a piece of lumber lately will be painfully aware that there’s been a huge spike in the cost of building materials. Now is a great time to have a conversation with your insurance agent or broker to make sure your home is adequately insured.


Insurance companies use a variety of software programs to calculate the estimated replacement cost of your home. For that calculation to be accurate, the information has to be kept up to date. Your insurance company needs to know if you have increased your square footage, finished a basement, added a garage, deck, pool or hot tub. Outbuildings like garages, sheds and barns should also be review to make sure the coverage is still adequate.


The purpose of insurance is to put you back in the same position you were in before a loss. Review your options for coverage and understand your policy limits. Good communication with your insurance professional helps to protect you financially.

Kathy McCaffrey