These are not rare edge cases. They are the gaps found in the majority of personal insurance reviews. Read each one and ask yourself honestly whether it could apply to your current coverage.
60%
of American homes are underinsured
Your dwelling limit has not kept pace with construction costs.
Reconstruction costs have risen significantly in recent years. A homeowners policy purchased or last reviewed two or more years ago may have a dwelling limit that falls well short of what your home would actually cost to rebuild today. The gap between your limit and your actual rebuild cost is your personal financial exposure.
Source: CoreLogic and Consumer Federation of America, 2024
When did you last verify that your dwelling coverage limit reflects current construction costs in your area?
1 in 8
drivers on US roads has no auto insurance
You have no uninsured motorist protection or the limit is too low.
If a driver with no insurance or insufficient insurance causes a serious accident that injures you or damages your vehicle, your uninsured motorist coverage is the only thing that pays. Most people have never checked what their uninsured motorist limit is. Many have opted out entirely without realizing the exposure they accepted.
Source: Insurance Research Council, 2019, most recent available national estimate
Do you know your uninsured motorist coverage limit and whether you have comprehensive uninsured and underinsured motorist protection?
20%+
of flood claims come from outside high-risk zones
You have no flood coverage on a property that could flood.
Standard homeowners and renters policies exclude flood damage entirely. Flooding is the most common and costly natural disaster in the United States according to FEMA. One inch of water causes an average of $25,000 in damage. Living outside a designated flood zone does not mean you are safe from flooding. It means you are in a lower-risk zone, not a no-risk zone.
Source: FEMA National Flood Insurance Program data
Does your property have a separate flood policy or are you relying on a homeowners policy that excludes flood damage entirely?
$1,500
typical per-item limit for valuables in standard policies
Your valuable possessions are covered only up to low per-item limits.
Standard homeowners and renters policies apply per-item limits to categories like jewelry, watches, cameras, musical instruments, art, and collectibles. A single piece of jewelry worth several thousand dollars may only be covered up to the per-item limit under a standard policy. Scheduled articles endorsements cover specific named items at their full appraised value.
Source: Insurance Information Institute
Do you own any individual items whose replacement value exceeds the per-item limit in your policy? Have you ever checked what that limit is?
