Underinsurance Coverage Checklist

Check 12 common insurance gaps to see if you are at risk of being underinsured.

My home insurance covers the full REBUILD cost (not market value)

I have flood insurance (standard policies do not cover floods)

I have separate coverage for high-value items (jewelry, art, electronics over $1,500)

My policy covers home-based business equipment or activities

I carry uninsured/underinsured motorist coverage

I have gap insurance if my car loan exceeds the vehicle's value

My policy limits meet my state/province minimum plus personal assets

I have life insurance equal to at least 10x my annual income

I have disability/income protection insurance

My employer life and disability coverage would be enough if I changed jobs

My home and auto liability limits exceed my total net worth

I have an umbrella/excess liability policy

Answer Yes only where the cover is genuinely in place. Every No may represent a gap in your insurance. This is an educational self-check, not advice; confirm your cover with an authorised adviser.

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