Could You Be Under-insured?

Underinsured = having inadequate insurance coverage

Being in the insurance business, it’s easy for us to use terms without ever stopping to think if people really get what we are saying.  I guess every industry has words that are used every day, but to those outside that industry, those words may not translate as well as one would think.

Hence, we’ve created, HMA’isms !  These are everyday insurance terms made plain for your delight.  This month’s word is “underinsured.”

I will use it in a sentence.  If your home is “ underinsured,” you would not have enough money to rebuild it in the event of a total loss.   It is a common misconception that though you’ve made improvements in your home (that increases the value), that your homeowner’s insurance policy automagically adjusts.

One thing we like to communicate to our clients is… if your life changes, so should your insurance.  It’s not about getting you to spend more money, it’s about protecting what matters most to you.  To receive a complimentary policy review, just text “POLICYREVIEW” to 714.942.5097.  We are more than happy to help!