IIA Blog

Information covered in the Illinois Insurance Association blog is intended to provide general information and guidance, and should not be considered legal advice.

 

Consequences of Underinsuring Your Home

Sep 1, 2021, 10:07 AM

Homeowners insurance is based on replacement cost, which is how much it takes to rebuild the structure from the ground up using like-quality materials. Insuring your home for less than its replacement cost is a problem if a loss occurs. Click on the link below to learn more.

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Checked the dwelling coverage limit on your home lately?

Aug 25, 2021, 12:13 PM

Pandemic-related building material shortages are contributing to significantly higher construction costs. This sweeping trend impacts all owners - not just those building new houses. Most homeowners buy insurance to share the cost of rebuilding or replacing property damaged by unexpected loss like fire, tornado, and more. Unfortunately, policyholders may overlook the insurance contract's insure-to-value requirement. Experts suggest more than half are underinsured. Click on the link for information about home valuation and choosing the right dwelling limit.

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Looking to pay less for homeowners insurance?

Aug 11, 2021, 4:18 AM

Nobody wants to overpay for insurance. A homeowners insurance agent is best equipped to discuss coverage options and cost-savings measures that may lower your premium. Click on the link to learn more.

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Summer Water Safety - Insurance

Aug 4, 2021, 4:37 AM

Insurance helps individuals shift the burden of financial loss following unexpected damage or accident. Adequate insurance protection must be in place before a loss occurs. Click on the link to learn more.

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