Mold coverage may be excluded or limited to a modest amount, even though a higher limit might be advisable. Some homeowner policies limit contents coverage to a percentage of the structure’s coverage. For many homeowners, these limits are inadequate. Scheduled property (art and jewelry) should be reviewed and appraised periodically. Does your policy provide identity theft coverage? Is your personal liability coverage adequate? Are vacation home, rental properties, and other land holdings covered? Do they need to be listed separately? Have you coordinated business and personal coverage to avoid overlaps or gaps? If you are handling an estate or trust that owns property, does the policy properly list and cover the trustees and executors? There are many important aspects to consider when dealing with property insurance. Make sure to cover them all.
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