Are You Under Insured?

Property insurers and regulators are calling on Arizonans to check their homeowners insurance coverage amid escalating residential prices and higher costs for building materials.

The topic is timely because housing values have risen roughly 50 percent in the Valley over the past year.

Yet residential prices aren't as critical, for insurance purposes, as the costs of lumber, wiring, metals, labor and other construction components.

Marshall & Swift/Boeckh, a Los Angeles firm that tracks building costs, last year estimated that 59 percent of American homes were under insured, by an average of 22 percent. More...

Are you under insured? Do you know what it would cost to completely rebuild your current home and replace all of its contents? It may be time for you to re-evaluate your current policy. You might even want to check with a local home building contractor to see what it would cost you to rebuild your current home, up to today's building codes.