What is the simplest way to find out if I'm properly insured? I had a total home loss and I'm not sure if the amount for my dwelling, with the policy I bought, was/is 'correct'. At the time of buying the policy, the Nationwide insurance agent printed off a quote. When I asked how the amount was figured, I was told they just type in the address etc and it 'spits' out a coverage amount. It was lower than what I paid for the home, but being as how this was my first home as well as my first time getting homeowners insurance, I accepted. Now, after I suffered a tragic fire loss, the claim was approved but to rebuild is looking like it will be quite a bit more than the policy amount. The adjuster did say I have 'inflation' and option K which will pay up to 20% more than the written dwelling amount. That is still short. Am I just stuck or can I find out what the value of my home was before the loss and get the policy limit raised to that amount? If so, where do I begin? I hope this makes sense. This whole loss has been a nightmare for me and my family.

About The Expert

Amy Bach

Amy Bach has been a professional advocate for insurance policyholders since 1984 and an attorney since 1989. She co-founded United Policyholders in 1991 and serves as the organization's Executive Director and primary spokesperson; shaping and overseeing the Roadmap to Recovery™, Roadmap to Preparedness, and Advocacy and Action programs. She is a nationally recognized expert on insurance claim and legal matters; frequently interviewed in print and broadcast media, and the author of numerous publications including "The Disaster Recovery Handbook", "WISE UP: The Savvy Consumer's Guide to Buying Insurance" and consumer tips and guides in the UP Claim Help Library.  Recognized by Money Magazine as a Money Hero, Bach is in her eighth consecutive term as an official consumer representative to the National Association of Insurance Commissioners, and is a member of the Federal Advisory Committee on Insurance.