Emery & Webb Insurance | 989 Main Street, Fishkill, NY 12524 | 845-896-6727
Over the past few years, home values across the country—and right here in the Hudson Valley—have seen significant increases. While this might be great news for your investment, it raises an important question: Is your homeowners insurance policy keeping pace with your home’s current market value?
If your coverage limits haven’t been reviewed recently, you could be underinsured—leaving your most valuable asset vulnerable in the event of a loss. Here’s what you need to know.
📈 Home Values Are Rising—But Is Your Coverage?
As property values go up, the cost to repair or rebuild your home also increases. Materials, labor, and permitting fees have all risen, meaning your current coverage might no longer be enough to fully rebuild your home after a fire, storm, or other disaster.
Key term to know:
- Replacement Cost Coverage – This is the amount it would cost to rebuild your home with similar materials, not the original purchase price or current market value.
🔍 Signs You May Be Underinsured
If any of the following apply, your policy might not be keeping up:
- You haven’t reviewed your home insurance in over 2 years
- You’ve made upgrades or renovations (new kitchen, finished basement, etc.)
- Construction costs have increased in your area
- Your policy is based on an outdated appraisal
💡 Even a small gap between your home’s actual replacement cost and your coverage limit can lead to big out-of-pocket expenses.
🛠️ How to Update Your Coverage
At Emery & Webb, we make it easy to ensure your home is properly protected. Our local agents will:
- Evaluate your home’s current replacement cost
- Update your policy limits if needed
- Review valuable endorsements like extended replacement cost or inflation protection
- Discuss options for covering personal belongings and liability
🧾 Don’t Forget Personal Property and Liability
As your lifestyle evolves, so does your need for additional coverage. Updating your policy isn’t just about the structure—it’s about everything you’ve built inside.
Consider reviewing:
- Personal property coverage (furniture, electronics, jewelry)
- Liability limits (especially if you host guests or have pets)
- Additional living expenses (if your home becomes uninhabitable)
🏡 Let’s Make Sure You’re Fully Protected
Don’t wait until you need to file a claim to find out you’re underinsured. A quick review with Emery & Webb Insurance can give you confidence that your policy matches your home’s current value—and that your peace of mind is secure.
📍 Visit: 989 Main Street, Fishkill, NY 12524
📞 Call: 845-896-6727 | 800-942-5818
🕘 Monday–Friday, 8:30am–5:00pm