Knowing Your Home Insurance Policy's Special Limits

Out of all the insured homes in the U.S., two-thirds are underinsured. While some homeowners know they're underinsured, others do not. Undervaluing a home's contents and failure to increase coverage after purchasing an expensive item or completing a major home improvement project contribute to homeowner's underinsurance. Additionally, the special limits that insurers usually put on homeowners insurance policies can lead to underinsurance. For this reason, you should know your policy's special limits. Here's some more information on this topic.