Is Your Homeowners Insurance Keeping Up with Rising Home Values in Fort Wayne?

As a homeowner in Fort Wayne, your home is likely one of your most valuable assets. With property values continuing to rise in our area, it’s important to ensure that your homeowners insurance coverage is keeping pace. Many homeowners are unaware that their current policy may not fully cover the increased value of their home, leaving them at risk in the event of a loss.

Why Are Home Values Rising in Fort Wayne?

The real estate market in Fort Wayne has been experiencing steady appreciation due to factors such as low housing inventory, increased buyer demand, and continued economic growth. As a result, homes are worth more today than they were just a few years ago. While this is great news for homeowners, it also means that your current insurance policy may no longer provide sufficient coverage.

The Risk of Being Underinsured

If your home’s value has increased but your insurance policy hasn’t been updated to reflect that, you may be underinsured. This means that if disaster strikes—whether it’s a fire, severe storm, or another unexpected event—you could be left covering a significant portion of the rebuilding costs out of pocket.

How to Make Sure You Have the Right Coverage

Here are a few steps to take to protect your home and your investment:

  1. Review Your Policy: Contact your insurance provider to discuss your current coverage and ensure it accurately reflects your home’s current value.

  2. Get a Home Valuation: Knowing the true market value of your home is key to determining if your coverage is adequate. I offer free home valuations to help homeowners understand their property’s worth. Click here to get your free home valuation.

  3. Consider Replacement Cost Coverage: Ensure your policy covers the full cost of rebuilding your home, not just its market value.

  4. Check for Policy Discounts: Ask your insurance provider about available discounts for bundling policies, installing security systems, or updating major home systems like roofing and electrical.

Stay Informed & Protected

As home values in Fort Wayne continue to rise, don’t leave your biggest investment vulnerable. If you’re unsure of your home’s current value, I’m happy to provide a free, no-obligation home valuation to help you make informed decisions about your insurance coverage.

Get Your Free Home Valuation Today!

If you have any questions about your home’s value or the real estate market in Fort Wayne, feel free to reach out. I’m here to help!

Posted by Courtney Bontempo on

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