05/27/2022
Last week, I was reminded why I'm in this business. This may not look like much, but there is a very real chance this is a total loss after a tree went through the home due to high winds we sustained in a recent storm. For context, it took approximately $17,000 to remove the tree.
A few months ago, I made a lengthy post about making sure you understand the replacement cost coverage on your home. This home had Replacement Cost with an additional 50% coverage on the Dwelling. In simple terms, if your home has Dwelling coverage of $200,000, the additional 50% provides up to $100,000 of additional funds for a total of $300,000 to repair or rebuild a covered loss. This is extremely important in this market.
If anyone is wondering, we're grateful all of the household residents are safe. I met the client, adjuster, and supervisor on site to reassure the customer of the process and offer any additional help to the claims team.
We're happy to help you review your current policy to better understand your coverage. Please send me a message if I can help.