What steps can homeowners take to ensure they have adequate insurance coverage after events like the Marshall Fire?

Homeowners need to take proactive steps to ensure adequate insurance coverage following events such as the Marshall Fire. Some vital steps include:

• Conduct a Home Inventory: List all valuables and their values to assess necessary coverage.
• Regular Policy Review: Re-evaluate your insurance at least annually to ensure coverage matches the current value of your home.
• Consult Insurance Professionals: Seek advice from experts on potential gaps in coverage or suitable additional policies.
• Opt for Replacement Cost: Choose policies that cover the full cost of rebuilding your home, not just the depreciated value.
• Be Aware of Exclusions: Familiarize yourself with what is not covered and purchase additional policies as needed.

These steps can help homeowners prepare for future uncertainties and maintain financial security.