Was completing CE credits this year and one of the sections covered insurance to value and the coverage gaps that exist in the market.
Northington customers need not worry about this statement: “Insurers that do not provide guaranteed replacement cost coverage (the majority do not) (emphasis added!) and that encourage or allow their agents to use short and quick versions of residential replacement cost estimators may have a large swath of insureds with underinsured homes. This situation is particularly true for higher-value dwellings.”
Northington Insurance Group customers enjoy policies from insurers that have either guaranteed or extended replacement cost provisions. Where guaranteed isn’t available (usually CAT-prone areas like FL or CA), extended still generally provides up to another 50% on top of the policy limit. When you add this to the fact all the insurers Northington represents inspect all homes when insured for proper insurance values, this is a HUGE comfort for one’s most significant asset.
Northington Insurance Group, LLC 