As Building Costs Increase, Do You Have Adequate Insurance Coverage?
March 2, 2026
Over the past several years, construction costs have climbed steadily. Lumber prices have fluctuated dramatically. Skilled labor shortages have driven wages higher. Supply chain disruptions have extended project timelines and increased material costs. For medium to upper-class homeowners, these shifts raise an important question: if your home were damaged or destroyed tomorrow, would your current insurance policy truly cover the cost to rebuild it as it stands today? Many homeowners assume their policy automatically keeps pace with the market. Unfortunately, that is not always the case. Adequate home insurance coverage requires periodic review, especially in a climate where rebuilding costs... View Article