--- title: "Majority of homeowners underinsured by 20 percent: study" description: "Majority of homeowners underinsured by 20 percent: study" --- [Skip to content](https://blog.plexusgroupe.com/plexus-blog/news/majority-homeowners-underinsured-20-percent-study#main-content) [![The Plexus Groupe](https://blog.plexusgroupe.com/hs-fs/hubfs/Logo%20and%20Design%20Files/plexus_sis_logo_color.png?width=1468&height=368&name=plexus_sis_logo_color.png "The Plexus Groupe")](https://www.plexusgroupe.com/) # Majority of homeowners underinsured by 20 percent: study 1 November 2017 [Mike Wilkening](https://blog.plexusgroupe.com/author/mike-wilkening) [Personal Lines](https://blog.plexusgroupe.com/tag/personal-lines), [Employee Benefits](https://blog.plexusgroupe.com/tag/employee-benefits), [News](https://blog.plexusgroupe.com/tag/news), [Health Insurance](https://blog.plexusgroupe.com/tag/health-insurance) In our latest personal lines insurance news roundup, we lead with a story that should give homeowners some pause. **Study: 60% of homes are underinsured** According to analytics firm CoreLogic, [about 3-in-5 American homes](http://go.pardot.com/e/279322/ners-insurance-could-cost-you-/26xtl/98201563) are insured for an average of 20 percent less than full value, as *Consumer Reports* noted earlier this year. In the event of a home loss, many insurers will limit your total payout to 120 percent of the value for which your home is insured. If your home has risen in value over the years, 120 percent of its former value may leave you quite disappointed. To ensure your home is comfortably covered, contact a Private Client Solutions Client Executive at [847-307-6100](tel:(847)%20307-6100). **The fine print of wind/hail deductibles** More insurers have started to set wind/hail deductibles [as a percentage](http://go.pardot.com/e/279322/articles-SB118601921458985660/26xtn/98201563) of the home's dwelling value, not a flat-dollar amount. For instance, a one percent wind/hail deductible on a home insured for $600,000 would mean a $6,000 out-of-pocket cost for the home owner in cases of wind and/or hail damage before insurance kicked in. If you have questions about this coverage quirk, call us at [847-307-6100](tel:(847)%20307-6100). **Contact us** For more information on The Plexus Groupe's personal insurance solutions, contact us at [847-307-6100](tel:(847)%20307-6100) or [via the Web](http://go.pardot.com/e/279322/tact-private-client-solutions-/26xtj/98201563). We're here to help -- and we're happy to help. ### Related Post ##### [Plexus Personal Insurance News & Notes: Study shows candle fires occur at higher rates on Christmas, New Year's](https://blog.plexusgroupe.com/plexus-blog/news/plexus-personal-insurance-news-notes-study-shows-candle-fires-occur-higher-rates-christmas-new-years) In our latest Plexus Personal Insurance Newsletter, we take a closer look at a variety of holiday-... ##### [Plexus Personal Insurance News & Notes: Wedding season isn't that far away. Are you covered?](https://blog.plexusgroupe.com/plexus-blog/news/plexus-personal-insurance-news-notes-wedding-season-isnt-far-away-covered) In the latest edition of the Plexus Personal Insurance Newsletter, we take a closer look at three... ##### [Plexus personal insurance notes: As summer wanes, weather-proofing becomes key](https://blog.plexusgroupe.com/plexus-blog/news/plexus-personal-insurance-notes-as-summer-wanes-weather-proofing-becomes-key) In our August personal insurance newsletter, we explore several topics of note for policyholders,... [![The Plexus Groupe](https://blog.plexusgroupe.com/hs-fs/hubfs/Logo%20and%20Design%20Files/plexus_sis_logo_color.png?width=1468&height=368&name=plexus_sis_logo_color.png "The Plexus Groupe")](https://www.plexusgroupe.com/) HQ: 21805 W. Field Parkway Suite 300 Deer Park, IL 60010 847.307.6100 [communications@plexusgroupe.com](mailto:communications@plexusgroupe.com) Copyright © 2022 The Plexus Groupe. All Rights Reserved. [Privacy Policy |](https://www.plexusgroupe.com/privacy-policy) [Terms & Conditions](https://www.plexusgroupe.com/privacy-policy#:~:text=with%20its%20operators.-,TERMS,-OF%20USE) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Mike Wilkening", "url" : "https://blog.plexusgroupe.com/author/mike-wilkening" }, "dateModified" : "2019-12-09T20:03:52.890Z", "datePublished" : "2017-11-01T11:55:02.000Z", "headline" : "Majority of homeowners underinsured by 20 percent: study", "mainEntityOfPage" : { "@id" : "https://blog.plexusgroupe.com/plexus-blog/news/majority-homeowners-underinsured-20-percent-study", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.plexusgroupe.com/hubfs/Plexus%20Logos/The%20Plexus%20Groupe/Plexus-External-Padded.png" }, "name" : "The Plexus Groupe LLC" } } ```