Insurance Follow Up NEBRASKA
Insuring a house in Nebraska is twice as expensive as the national average, according to Insurify.
"Nebraska is pretty exemplary of the region," said Chase Gardner, Insurify's head of data research. "The typical U.S. homeowners are going to pay something like $1,800 for an insurance policy and residents in Nebraska are paying over $3,500 on average."
AM Best listed weather, reinsurance behaviors and the rising cost for repairs — caused by inflation — as the reasons for the spike in homeowner insurance rates nationwide — and more specifically, in Nebraska. CLICK HERE FOR MARCH 11 BLOG POST
Let's talk about deductibles?
Have you checked your homeowners insurance deductible lately?
Or did you get a surprise when you filed a claim?
I have heard of people who had a deductible higher than the cost of the new roof. Some insurance companies have gone to a percentage deductible..meaning instead of the standard $500/1000 deductible, the deductible is 1% or 2% of the homes insured value...imagine finding out that your deductible on your $400,000 house is $40,000!
It is happening. Please check your insurance deductible and call your insurance company and ask...While you are checking your deductible, check your coverages.
Nebraska has experienced severe appreciation, which is great right? But, make sure your insurance coverage has kept up with the higher cost of rebuilding your home. Just in case.
I know it's not any fun thinking about this sort of thing, but better to think about it now, then after you need it.
Need a great insurance person, let me know..mine is awesome!
Thanks to my friend Tony Naumann for this great reminder!
HAIL YAH I love referrals!
Angela, The Home Girl, keeping it...real estate!