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- Title
Home Sweet (Underinsured) Homes….
- Abstract
The article discusses results of a survey conducted by the National Association of Insurance Commissioners. The survey found significant misunderstandings among policyholders concerning what their standard homeowner's insurance policies cover. One third of homeowners believe flood damage will be covered by their standard policy. Over half think their policy covers them in the event of a water line break. Thirty-five percent say they will be compensated for an earthquake, and a slightly lesser proportion thinks mold is covered.
- Subjects
HOMEOWNERS insurance policies; NATIONAL Association of Insurance Commissioners; INSURED losses; PROPERTY insurance policies; INSURANCE policies; SURVEYS
- Publication
Journal of Financial Planning, 2007, Vol 20, Issue 10, p14
- ISSN
1040-3981
- Publication type
Article