The Complete Home Insurance Coverage Gap Checklist
By PAMKIT Team · 2026-03-20 · 7 min read
Are You Underinsured?
A surprising 60% of American homes are underinsured by an average of 20%.
Common Coverage Gaps
1. Dwelling Coverage Too Low
Your home's rebuild cost is NOT the same as its market value.
2. Personal Property Limits
Standard policies cap personal property coverage at 50-70% of dwelling coverage.
3. Liability Coverage
The default $100,000 liability coverage is dangerously low.
4. Water Damage Exclusions
Standard policies exclude flood damage and sewer backup.
5. Home Office Equipment
Your standard policy may not cover business equipment.
Your Action Plan
- Request a replacement cost estimate
- Complete a home inventory (PAMKIT can help!)
- Review your policy annually
- Compare quotes from 3+ providers
- Ask about guaranteed replacement cost coverage