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Home Insurance

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Urgent Message for Indiana Homeowner’s

Tornado Destroys 6 Homes…Many More Seriously Damaged!insure with steve - homeowners insurance - Consolidated Insurance

Homeowners’ Shocked to Discover Their Replacement Cost Policies Will NOT Pay to Rebuild Their Homes!

Indianapolis, Indiana.   It was like a scene out of the movies.  Their neighborhood looked like a war zone.  Homes were destroyed and debris was strewn about everywhere.  Neighbors huddled together to survey the damage.

As the reconstruction process started; the Smith’s, were dealt another blow.  They received a letter from the insurance adjuster.  Their insurance policy, complete with replacement cost coverage, was not sufficient to rebuild their home.  They were going to be STUCK paying $33,000 out of pocket!

Is Your Home Underinsured? will teach you how to avoid making this mistake and many others! Click here to view this special report now.  Or, receive a FREE, Replacement Cost Analysis for your home!

How could this happen?  The front page of their policy clearly stated they had replacement cost coverage.

The Smith’s had purchased the home for $215,000 three years earlier.  They had put 20% down or $43,000.  The estimate to replace the home was now $250,000.

The mortgage company told them to bring a homeowner’s policy to the closing.  The policy had to be at least for the amount of the mortgage.

Sound familiar?  Were you told the same thing?  You see, the mortgage company doesn’t care about you!  All they care about is having the mortgage paid for in the event of a total loss!

The letter from the insurance adjuster referred to the fine print of the policy.  Which states, the maximum amount to be paid to replace your home is equal to 125% of Coverage A.

What this meant to the Smith’s was:  their insurance company was only going to pay $216,250 to rebuild their home!  Leaving them approximately $33,000 short!

Could this happen to you?  Are you underinsured?  Read your policy!  Your policy probably has a similar clause!

Conclusion:  Make sure your homeowner’s insurance policy covers all the possibilities. 

  • Click here to order your FREE Replcaement Cost Analysis for your home.  Don’t be caught underinsured!
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