Austin has been experiencing so much growth- but what about your insurance coverage?

The Austin market has been exploding which is great for how much equity you have in your home, but one thing people forget to do is check to see if their homeowner's insurance coverage is adequate.  I don't want to bring down the excitement of the equity, but we do want to protect it.  It is a good idea to review your homeowner's insurance policy.  If you bought your home a while back and haven't reviewed your insurance coverage, you may be underinsured. If you want to get more information check out the Texas Department of Insurance (TDI) website.  It is a great resource and has lots of useful information about insurance.

Why it matters:

Most insurance policies use replacement costs (rebuilding costs) when covering a claim.  The TDI advises that you should check with your insurance company to find out what it would cost to rebuild your home in the event of a loss. If you need to rebuild your home you will need to consider the cost of the materials.  Due to demand for housing and remodels, construction materials are soaring. Boomberg. That means that replacement costs to fix your home in the event of damage will be higher too. To be protected, your insurance coverage should match the rebuilding costs.  Texas Department of Insurance

If you haven't done it yet, it is a good idea to review your insurance coverage with your insurance agent and protect one of your most valuable assets.  If you would like a referral to a few great insurance agents please reach out to me.  You can call, or text 512-771-7209 or email me at