Time to Update Insurance...

Time to update insurance, from the Arizona Republic, reports that property insurers and regulators are calling on Arizonans to check their homeowners insurance coverage amid escalating residential prices and higher costs for building materials. The topic is timely because housing values have risen roughly 50 percent in the Valley over the past year. Yet residential prices aren't as critical, for insurance purposes, as the costs of lumber, wiring, metals, labor and other construction components. Marshall & Swift/Boeckh, a Los Angeles firm that tracks building costs, last year estimated that 59 percent of American homes were underinsured, by an average of 22 percent. This would be a great article to send to your past clients and sphere of influence!



http://www.azcentral.com/php-bin/clicktrack/print.php?referer=http://www.azcentral.com/arizonarepublic/business/articles/0323Insure0323.html