Most US Homeowners Can’t Explain Coverage

A recent US survey found ~4 in 10 homeowners had wrongly assumed policy coverage, and ~1 in 5 said that mistake later cost out-of-pocket money.
Coverage knowledge stayed weak: ~4 in 10 could not explain weather damage protection, and >1 in 2 did not know their deductible.
Weather damage already hit budgets. In the past 3 yr, ~1 in 2 paid out of pocket; some owed $2K+, and some still carried debt.
Most homeowners monitored weather alerts, yet many still felt unprepared. Only ~1 in 5 reviewed coverage in the past year, and few turned to agents.
Experts said homeowners who fared best did small steps ahead of time, including annual coverage reviews, because many skipped upgrades over cost or uncertainty.