Home insurance costs in America have surged in recent years, and if you own property in the Outer Banks, you’ve likely felt the impact. Rising premiums make it essential to review your homeowners insurance policy every few years to ensure you’re properly covered—and potentially save money along the way.
One critical step is to review the replacement cost listed on your policy. With construction costs at an all-time high, your current coverage may not fully cover rebuilding your home if disaster strikes. This is especially important in the Outer Banks, where insurance rates are typically higher than inland areas due to unique risks like hurricanes and flooding.
If you’re looking to lower your premiums, you might consider adjusting your deductible. A higher deductible can reduce your monthly rate while still providing the coverage you need. Additionally, shopping around for a new homeowners insurance policy could help you find better rates and coverage tailored to your needs.
For an accurate estimate of your home’s replacement cost based on today’s construction prices, contact Sandmark Custom Homes or Scott Team Realty. We’re here to help you ensure your policy aligns with current rebuilding costs in the Outer Banks.
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