✉news BusinessPersonal Finance first seen 9 h ago, last just now, peak #1

Many homeowners unaware of major insurance coverage gap

Original: Many homeowners have a big insurance coverage gap — and don't even know it

Many American homeowners are underinsured without realizing it, leaving a significant gap between what their homes are worth and what their insurance policies would actually pay out after a disaster. Rising construction costs and home values have outpaced policy limits, meaning claims after fires, storms or other damage could fall far short of rebuilding costs, and experts urge homeowners to review their coverage now.

Why now: Concern over rising premiums and recent extreme weather is prompting homeowners to question whether their coverage is adequate.

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• Many homeowners have a big insurance coverage gap — and don't even know it · CNBC

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