Property & Casualty
What homeowners should review before the next renewal
Premium is only one part of the renewal decision. Limits, deductibles, exclusions and changing property values can materially change the protection behind the price.
Rebuild cost is not market value
The amount needed to reconstruct a home can move differently from its sale price. Labor, materials, debris removal, local building rules and demand after a regional event can all affect reconstruction cost.
Deductibles deserve a fresh look
A deductible is the amount the household must be prepared to absorb before coverage responds. Percentage deductibles can produce a very different exposure from a flat deductible.
Liability follows the household
Pools, pets, young drivers, household employees, home-based activity and frequent guests can change liability exposure. Property and liability protection should be reviewed together.
A practical next step
Organize the current facts, important dates and the decision that needs to be made. A Sokar representative can help route the conversation to the appropriate division.
Educational purpose: General information only. Coverage, eligibility, costs and availability depend on policy or plan terms, carrier rules, underwriting, licensing, jurisdiction and individual facts.
