Make Sure You Have Enough Homeowners/Condo Insurance

You never know if and when something will happen — whether it’s a big catastrophe or something less destructive – so you need to be prepared and make sure you have enough homeowners/condo insurance.

It’s essential to choose the right company, the right price, and the right coverage for your specific situation.  

Keep in mind, homeowners insurance is really a collection of different kinds of coverage such as fire, theft, liability and windstorm wrapped up into a single policy.

Whether you’re a current homeowner who may need to upgrade your coverage or a potential new buyer who is purchasing home insurance for the first time, review these steps so you have the right coverage for YOU:

How Do You Determine Coverage?

Your coverage should be based on the square footage of your home, but it must also factor in how much it will cost per square foot to rebuild in case of disaster.   

The costs to rebuild in the San Diego County are higher than the national average, so go a little higher than your insurance company may suggest.

Your insurance company will most likely require you to purchase coverage that insures 80% of the replacement value of the home.

Be sure to take into consideration everything that you have inside the home, which will also need to be replaced in the event of disaster.

Do You Have Enough Coverage?

Get current information about what your home is worth today, and how much it would cost to rebuild it. Again, you may want to go higher to reflect the San Diego’s average costs to rebuild.

Make sure that your deductible is set at a price that you can afford in the event that you must rebuild or do extensive repairs to your home.

If you’ve got a special art collection or a home office with equipment and supplies, you should be sure to let your agent know so that they can inform you about any additional riders that might be necessary.

What About Flood Insurance?

In San Diego County, you most likely will need flood insurance, but talk to your agent about coverage for areas that are considered at a high risk of flooding to know if you have an active mortgage from a federally-regulated lender which requires flood insurance.  

Do You Need to Upgrade?

For current homeowners, meet with your insurance agent to discuss what coverage you have now and let them know about any new home improvements or any new possessions that should be included in your policy. 

Your agent will come out and document these upgrades, take photographs, and let you know if you will need additional coverage.


Can you believe it is January 2024 already!

Here is what we talked about in last month’s Newsletter.

📌 Has Your Home Been Tested For Radon?

📌  Do You Have A Carbon Monoxide Detector Installed in Your Home?

📌  Waiting To Sell After The Holidays? How To Start Prepping Now To Be Ready!

📌  Should You Consider Getting A Home Warranty?

Do you have a specific topic related to real estate that you’d like us to discuss? Let me know by sending me a quick email here! 😉


I'm Catherine and I help international buyers and sellers reach their real estate goals!
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Hi, there!

I'm Catherine Olive and I got into real estate to help foreign nationals, expats and international students navigate the home buying and selling process to avoid challenges I faced due to lack of knowledge. My goal is to make sure that I help you settle and make owning a home in the U.S. a reality.

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