LOCAL NEWS

Increasing home, construction costs could impact insurance coverage

Jun 10, 2022, 9:03 PM | Updated: 9:06 pm

Rising prices could hit you hard if disaster strikes. Skyrocketing home values and construction costs are leaving gaps in some homeowners’ coverage.

A lot of this varies by policy — most are written in terms of what’s replaced rather than the current cost of materials. But at least one disaster cleanup professional is finding that some mishaps may have limits that are not set to today’s high prices.

What happened in the Parsons’ home could happen anywhere.

“When I got out of bed, I felt like wetness on the ground,” said Josh Parsons.

Josh Parsons made the discovery.

“I came rushing in here, and there was probably about an inch, inch and a half of standing water,” he said.

A toilet leaked all over the floor and down below.

“I went to put some things out in the garage, and when I opened the door, it sounded like a light river in our garage,” said Jeramie Parsons.

Three levels impacted as water came though the rafters and behind walls and cabinets.

“And then, all of the flooring has to be removed because we have trapped moisture underneath there,” said Ryan Marriott, owner of Floodsmen Disaster Cleanup.

Marriott said rising values is making it tough to get some of these types of events cleaned up.

“We’re finding that it’s leaving a gap in service with some of our customers in their insurance,” he said.

And in the Parsons’ case, Josh said “it was $10,000 only, and that’s what I could go up to.”

Josh said their insurance company initially tried to cover it as a sewage backup. Marriott said he was able to help them get it covered as another part of their policy, but that it’s an example of why it pays to know your insurance agent.

“It makes a really big difference to know that you’re covered and to kit it for a surety,” Marriott said.

“The runaround we’ve had with it is, it’s an eye-opener, and it makes you kind of regret,” Jeramie said. “Hindsight’s 20/20, right?”

KSL checked with Utah’s Insurance Department on this and they said it’s always a good idea to have a checkup with your insurance agent every couple of years. They also recommended documenting any repair work being done on your home with pictures, in case a dispute with the coverage comes up in the future.

KSL 5 TV Live

Top Stories

Local News

Air Force Thunderbirds...
Merri Moeller, KSL TV

WATCH LIVE: Warriors Over The Wasatch 

After a four-year break, the Warriors Over the Wasatch Air and Space Show is back at Hill Air Force Base.
15 hours ago
FILE (Photo by Christopher Furlong/Getty Images)...
Merri Moeller, KSL TV

Body found at Millcreek Walmart, police investigating

Unified Police Department said they were investigating Friday after a body was found at a Walmart.
15 hours ago
Sen. Mitt Romney (R-UT) speaks during a Senate Health, Education, Labor, and Pensions Committee hea...
SAM METZ, ASSOCIATED PRESS

‘Mitt Romney Republican’ is now a potent GOP primary attack

Mitt Romney isn't up for reelection this year. But Trump-aligned Republicans hostile toward the Utah senator have made his name a recurring theme in this year's primaries, using him as a foil and derisively branding their rivals “Mitt Romney Republicans."
15 hours ago
Bodycam footage from the Moab Police Department that shows them talking with Brian Laundrie is seen...
Jamiel Lynch and Chenelle Woody, CNN

Lawyer releases pages from Brian Laundrie’s notebook in which he admits to killing Gabby Petito

The attorney for the family of Brian Laundrie on Friday released eight pages from Laundrie's notebook that was found near his remains in Florida in October last year, according to a news release obtained by CNN affiliate WINK.
15 hours ago
Follow @KSL_AlexCabrero...
Alex Cabrero

Two members of USU Aviation program killed in plane crash

Two people died Friday morning in a small airplane crash in Cache County.
2 days ago
Chris Jensen and Chris Wharton have been married for six years....
Mike Anderson

LGBTQ+ community concerned Supreme Court could revisit same-sex marriage

An opinion filed by Justice Clarence Thomas has some people concerned over whether the Supreme Court could reconsider other past rulings, including same-sex marriage and contraception.
2 days ago

Sponsored Articles

hand holding 3d rendering mobile connect with security camera for security solutions...
Les Olson

Wondering what security solutions are right for you? Find out more about how to protect your surroundings

Physical security helps everyone. Keep your employees, clients, and customers safe with security solutions that protect your workplace.
Many rattan pendant lights, hay hang from the ceiling.Traditional and simple lighting....
Lighting Design

The Best Ways to Style Rattan Pendant Lighting in Your Home

Rattan pendant lights create a rustic and breezy feel, and are an easy way to incorporate this hot trend into your home decor.
Earth day 2022...
1-800-GOT-JUNK?

How Are You Celebrating Earth Day 2022? | 4 Simple Ways to Celebrate Earth Day and Protect the Environment

Earth Day is a great time to reflect on how we can be more environmentally conscious. Here are some tips for celebrating Earth Day.
Get Money Online...

More Ways to Get Money Online Right Now in Your Spare Time

Here are 4 easy ways that you can get more money online if you have some free time and want to make a little extra on the side.
Lighting trends 2022...

Lighting Trends 2022 | 5 Beautiful Home Lighting Trends You Can Expect to See this Year and Beyond

This is where you can see the latest lighting trends for 2022 straight from the Lightovation Show at the Dallas World Trade Center.
What Can't You Throw Away in the Trash...

What Can’t You Throw Away in the Trash? | 5 Things You Shouldn’t Throw in to Your Trash Can

What can't you throw away in the trash? Believe it or not, there are actually many items that shouldn't be thrown straight into the trash.
Increasing home, construction costs could impact insurance coverage