For most Americans, their house is the most valuable asset they will ever own. Yet, of nearly 5,000 homeowners who filed claims after Colorado’s Marshall Fire, 74% lacked enough insurance to rebuild. More than a third fell short by at least a quarter of what their home would cost to replace.
Coverage erodes in place: Rebuild costs climb, the dwelling limit does not always keep up, and the gap goes unnoticed until the estimate comes back higher than the payout.
Insurance is not the only way to protect your property. It is arguably the most important.
1. Home insurance
This insurance protects the house against major losses you can’t easily...
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