So you faithfully carry homeowners insurance just in case the worst happens, but are you really prepared for the worst that can happen?

CBS financial contributor Ray Martin is not alone is saying that most homeowners are not adequately insured.  Nearly two out of every three American homes, or 59%, are underinsured as homeowners, having on average only enough insurance to pay for 78% of the cost to replace or rebuild their homes.

This is according to Marshall & Swift/Boeckh LLC (MSB), a leading provider of building reconstruction cost data.

Having “Guaranteed Replacement Cost” is absolutely your most secure option to protect against the potential of underinsurance at the time of loss, but very few insurance carriers continue to offer this type of coverage after having bad experiences with unanticipated pay outs.

If the thought of paying 22% or more of out of pocket costs concerns you, you need Guaranteed Replacement Cost insurance.

Few insurance companies still offer it, and chances are your insured with one that doesn’t.

You can find out if your house qualifies for Guaranteed Replacement Cost insurance and get a quote right away, by clicking here.

Coverage not available in all states, certain restrictions apply.