Do I have enough coverage?

The costs associated with building (or rebuilding) a fine home increased sharply in the past five years.

The unprecedented growth in home renovations as homeowners redesign kitchens, add media rooms and improve their residences with new or additional construction – combined with the strict building codes – translates into a significant increase of rebuilding costs. A home originally built just a few years ago will cost significantly more to rebuild today because of these important damage controlling codes.

It is estimated that nearly 2 out of 3 American homeowners do not carry enough insurance to rebuild their home in the event of a total loss.

PURE is committed to raising the awareness of this important issue and helping our members properly protect their assets:

• We work with some of the finest insurance brokers in the business.  An analysis of underinsurance after recent disasters suggested that some insurance agents were reluctant to give the good advice regarding proper insurance amounts in fear of losing a sale.  Our professional partners are committed to helping members select and maintain the right coverage.
• At no cost to the member, PURE will inspect each home we insure to document the details of the residence and calculate a current rebuilding costs estimate.  This report will assist in both establishing a coverage limit, as well as accelerating the claims adjustment process in the event of a loss.
• We follow building trends and make adjustments upon renewal to ensure that adequate coverage is maintained.

For more information, please contact your insurance broker or one of our agent partners.