Property values and construction costs have increased in the past few years. How do I know if the coverage amount under my homeowner’s policy is adequate?

You should insure your home for full replacement cost of the structure. Construction costs have increased dramatically in this decade. Your home should be evaluated and any improvements you have made should be considered. Some policies provide a dwelling replacement extension of 20-50% above the dwelling limits shown on the policy. You should insure for 100% of the dwelling replacement cost and include the extension endorsement to provide extra protection.