Many Homeowners Are Underinsured— A Risk in the Wake of Disasters

Recent studies reveal that 74% of homeowners affected by disasters may not have enough insurance to fully rebuild. With costs rising and coverage varying widely between insurers, underinsurance can leave families struggling to cover the gap. In fact, 36% of those surveyed were severely underinsured, potentially facing hundreds of thousands in out-of-pocket expenses. As wildfires continue to devastate areas like Los Angeles, it’s more important than ever to ensure your home is adequately covered before disaster strikes.