Possible Insurance Issues For Wildfire Victims

Fire victims who have lost their homes may have to wait a little bit to get checks from their insurance companies. Most companies are going to be reluctant to pay any claims until the fire is completely out. Some of those fire victims are also finding out they don’t have enough coverage to rebuild. Experts say now is a good time to check the insurance coverage on your home. With costs for building materials spiraling upward, you need to make sure you have enough coverage to pay to rebuild your home. Many of the fire victims in Sevier County are finding out a little too late that they don’t have enough coverage. The company Core Logic estimates that more than half of American homeowners do not have enough insurance to rebuild their homes. So insurance advisors say the wildfires in Sevier County are a good reminder to check your own coverage.