There are several things you can do if you disagree with the estimated reconstruction cost of your home or the “listed dwelling’s value,” whether you feel it’s too high or too low. It’s part of responsible homeownership to ensure that the insurance value—and the premium associated with your home insurance in Newark, DE is accurate, so that you are not over-or under-insuring your property.
Adjusting the Home Value of Your Home Insurance Policy
Review the values listed on your home insurance policy annually to make sure that you have the right amount of insurance. When people think their home and possessions’ insured values are low, they can easily get their policy adjusted or add endorsement coverages.
Disagreeing With the Insured Value
People sometimes feel that when an insurance company sends them something, it is written in stone. However, the home insurance estimate for the reconstruction of your home can be incorrect.
The purpose of your home insurance is to protect your assets, so if you feel something is wrong, you have every right to call your representative and ask questions or request a review. Often, if someone has a solid case, the home insurance broker or agent will submit that request to the insurance underwriter, and the case can be reviewed.