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The Majority Of Homes In The U.S. Are Underinsured. Is Yours?

Updated: Feb 1


The Marshall wildfire that devastated parts of Boulder, Colorado, in early January has left many homeowners reeling not only because they lost their homes but because they are discovering their home insurance won’t cover the costs to rebuild.


According to the Insurance Information Institute (III), the average underinsurance amount for U.S. homeowners is 23%, though some homes are underinsured by 60% or more. Another research group, CoreLogic, states that 64% of U.S. homeowners don’t have enough insurance to rebuild their homes and are underinsured by an average of 27%.