The Clark Howard Podcast 12.01.25 Homeowners- Are You Underinsured? / Designer Goods For Less
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Dec 1, 2025 Homeowners face rising insurance costs but may not have enough coverage for rebuilding. Learn how to adjust your policy and increase deductibles for peace of mind. Beware of scammers posing as assessors! Discover the thrill of finding high-end designer goods at a fraction of the price through resale marketplaces. Get tips on avoiding counterfeits and make the most of thrift strategies. Plus, insights on managing retirement accounts and the potential risks of overfunding 529 plans—all while hunting for Cyber Monday deals!
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Confirm You’re Fully Insured For Rebuild Costs
- Do check your homeowners policy limits and increase coverage if rebuilding costs exceed your policy's sum insured.
- Do raise your deductible (within your mortgage lender's limits) to offset higher premiums while securing full rebuild coverage.
Insurers Expect Adequate Coverage Now
- Home insurance costs rose while rebuilding costs climbed, creating widespread underinsurance.
- Insurers increasingly require homeowners to carry adequate limits rather than covering shortfalls automatically.
Raise Coverage And Deductible Together
- Do contact your insurer or agent to increase dwelling coverage if replacement costs are higher than your policy limit.
- Do increase your deductible up to the mortgage lender's allowed maximum to lower premiums while keeping total coverage high.