Are Your Homeowners Insureds Properly Insured?

The insurance comparison firm, Compare the Market did a survey of homeowners and found 30.2% of those surveyed do not have personal property coverage. None of their personal items are insured. Another 29.4% said just some of their property is properly insured.

Some don’t have homeowners insurance at all.

Compare the Market’s executive general manager of general insurance, Adrian Taylor said their survey found that just 33% of Americans have all of the valuable items in their home covered by insurance.

"It's promising to see a significant portion of Americans having a home and/or contents insurance policy, but it's not the majority,” Taylor said.

Those participating in the survey listed their most valuable items:

• Family photo albums — 14.1%
• Personal documents — 13.9%
• Cars — 13.1%
• Cash — 10%
• Electronic items — 9.9%

The survey also looked at the biggest concerns of the homeowners:

• Damage from fire — 24.6%
• Theft or burglary — 18.2%
• Flood damage or water damage — 15.1%
• Storm damage — 11.6%

Source link: PropertyCasualty360.com — https://bit.ly/3O4holB