How Homes Become Underinsured   Several common scenarios can lead to underinsurance:   Why Mortgage-Required Coverage May Not Be Enough   Your lender may only require coverage equal to the outstanding mortgage balance. This is often far less than the amount needed to…

What Is Umbrella Insurance?  Umbrella insurance is a type of personal liability insurance that covers claims exceeding the limits of your other insurance policies. If you’re found liable in a lawsuit for damages or injuries, your underlying policy may only…

Life Events That Warrant a Policy Review  Have you added a room, upgraded your kitchen, or installed a pool? This increases your home’s replacement cost and should be reflected in your policy.  Bought a new engagement ring, home theater system,…