September 26, 2019

Insurance: When is The Last Time You Reviewed Your Insurance Policies?

Adequate Property Insurance Coverage

Yes, I know ... insurance is not the most exciting topic to discuss.

But nevertheless, it's a critical one.

The November 2018 Camp Fire in the Paradise, California area was the deadliest and most destructive wildfire in California's history.  Nearly 19,000 structures were destroyed, with an estimated damage total thus far of nearly $17 billion.  Approximately 85 people perished in this inferno.  The community of Paradise, home to about 29,000 residents, was almost entirely destroyed by the blaze.

And unfortunately, many of the homeowners and property owners in Paradise had inadequate homeowners insurance, or no insurance at all.

Adequate property insurance is crucial.  This coverage is a must, even if the property owner is not required to have such insurance coverage.  Avoiding becoming underinsured ... whether it be for homeowners, business property, liability, of an other type of insurance is easy to avoid with annual reviews of your insurance coverage.  Also, your insurance coverage should be immediately reviewed and, if necessary, adjusted if you incur significant changes in your life, including home remodeling and additions.

Insurance Concerns?  About Mary Rae Fouts, EA

Mary Rae Fouts, EA provides insurance policy reviews, coverage recommendations, and other insurance consulting services and expert witness services for clients with a broad range of insurance concerns.  She has 31 years of experience in the insurance industry, and is one of the select few Life and Disability Insurance Analysts licensed by the California Department of Insurance.  For more information about Mary and her professional services visit

Mary Rae Fouts

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