Rate at which homeowners protect valuables varies by region

While most homeowners are worried about protecting their valuables, the degree to which they worry varies a lot from one part of the country to another – and most aren’t doing enough to cover themselves, says Allstate.

The insurance company surveyed American homeowners to find out what kinds of precautions they take to safeguard their homes. While 90 percent of homeowners expressed concern, most weren’t doing enough to protect themselves in case of theft or fire.

Homeowners in the South Atlantic states were the most worried, with 41 percent telling Allstate they were “extremely concerned” about protecting their homes. Meanwhile, only 28 percent of Western homeowners expressed this high level of concern.

In terms of taking precautions, most homeowners are careful to have some things covered, while ignoring others. For instance, the insurer found that homeowners are well informed about covering things such as TVs and stereos but forget things such as home décor, area rugs and appliances.

Age seems to have a bearing on homeowner’s insurance thoroughness: Homeowners over age 55 were, surprisingly, the most likely not to have documented anything (56 percent).

Millennials are more likely than their elders to value their possessions every one to two years, but only 47 percent of them know what their minimum deductible is – and just 40 percent could describe any details about their current coverage.

The best way to have peace of mind is to make sure you know what you’re covered for, and to make sure that every item of value you have is documented with receipts, photos and videos. Make sure that your policy covers the types of threats your home faces these days. Know your deductibles – and any other limitations and potential “gotchas” buried in the fine print. If you have confusion about any terms, call your insurance agent.

Itemize and document everything you own – not just ‘big ticket’ items. Imagine being in the wake of a disaster that claimed your home, and having to replace everything from linens to bedding to electronic equipment, etc. Make sure you’re covered, since the cost of these little things can really add up.

It’s not pleasant to think about the unthinkable, but a little time spent doing just that can save you from a lot more worry later on.

Travis Credit Union offers insurance products to protect your home and your vehicle. Visit our Insurance Section for more details.

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