 NJ
Home Values are at a Record High: Is Your Homeowner's Insurance?
It is no secret that home
values in New Jersey have skyrocketed in the past couple of years.
A lot of homeowners have
unrealized capital gains of 50% or more from the values of their
homes. It is important that your homeowner’s coverage is indicative
of the actual value of your home. Otherwise you could be facing the
harsh reality of underinsurance in a time of tragedy. Here are some
steps to take to stay savvy on not only your home’s value,
but also your home’s insurance.
• Check Out the “For Sale” signs – In
order to get a good idea of what your home is worth check out comparable
homes that are selling in your area. You may be shocked. In some
areas of South Jersey home values have doubled in the past 4 years.
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