What happens if you can’t afford to rebuild?

Did you know? The average cost to rebuild a 2,000-square-foot home in Tennessee has risen from $250,000 to $300,000 in the past year.

What happens if you can't afford to rebuild?

INFLATION’S THREAT TO YOUR HOME’S SECURITY

Inflation is no longer just a headline—it's a reality impacting every aspect of our lives, including the cost of rebuilding your home. But here’s a question many homeowners overlook: If disaster strikes, could you afford to rebuild your home in today’s economy?

Rising Costs & Concerns

Inflation rates in 2024 have surged to levels not seen in decades, pushing the cost of materials and labor by over 20%. This means the cost to rebuild your home has likely increased significantly since you last reviewed your insurance policy. Yet, many homeowners still rely on outdated coverage that doesn’t reflect these skyrocketing costs.

IS YOUR HOME TRULY PROTECTED?

Here’s the hard truth: many homeowners are underinsured without even realizing it. Your policy might have been sufficient three years ago, but it could fall short in today’s economic climate. The last thing you want is to find out after a disaster that you can’t afford to rebuild your home.

Did you know? The average cost to rebuild a 2,000-square-foot home in Tennessee has risen from $250,000 to $300,000 in the past year.
Did you know? The average cost to rebuild a 2,000-square-foot home in Tennessee has risen from $250,000 to $300,000 in the past year.

Ask yourself: If your home was destroyed tomorrow, could your current policy fully cover the costs of rebuilding? If you’re unsure, now is the time to act.

Don’t leave your home’s future to chance.

At Heron Hills Risk Management, we specialize in reviewing and updating home insurance policies to ensure you’re fully covered against today’s risks. As independent agents, we’re here to help you navigate these uncertain times and find the right coverage for your unique needs.

Next Step: Not sure about your coverage? Contact our Insurance Professionals, for a personalized consultation and safeguard your home against inflation.

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