Half of American homeowners don't know this— and it could cost them

By

Policygenius Staff

Policygenius Staff

Insurance Expert

Policygenius has assembled a best-in-class editorial team full of licensed insurance agents, certified financial planners, and award-winning journalists, as well as other experts and fact-checkers. To learn more about our editorial team and processes, see our editorial standards.

Published July 30, 2020|1 min read

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A new Policygenius survey reveals that nearly half of American homeowners don't know how to calculate the amount of homeowners insurance they need.

This misconception can leave them underinsured in the event of a catastrophe — or paying for more coverage than they need. Check out the survey findings to see what else people got wrong about homeowners insurance — and learn how to ensure you have the right amount of coverage.

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