Home Sweet (Underinsured) Homes…

October 2007
Journal of Financial Planning;Oct2007, Vol. 20 Issue 10, p14
Academic Journal
The article discusses results of a survey conducted by the National Association of Insurance Commissioners. The survey found significant misunderstandings among policyholders concerning what their standard homeowner's insurance policies cover. One third of homeowners believe flood damage will be covered by their standard policy. Over half think their policy covers them in the event of a water line break. Thirty-five percent say they will be compensated for an earthquake, and a slightly lesser proportion thinks mold is covered.


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