COVERED RESEARCH
What our carrier and policy data shows about coverage gaps, shrinking carrier access, and the risk now sitting inside mortgage portfolios.
Published September 2026
PDF, [00] pages
Free, no form
A note from Covered's CTO
%20copy.avif)
We didn't set out to write a market report. We set out to answer a question our lender partners kept asking us in different ways: how much of the insurance risk on our books can we actually see?
The honest answer, most of the time, is not much. A policy gets verified at closing and then goes quiet for years while replacement costs climb and carriers quietly pull out of entire zip codes. By the time anyone notices, the homeowner is underinsured, non-renewed, or both.
What we have that most people don't is the quote-and-bind data underneath that problem. This brief is our attempt to put numbers on it and say plainly what we think it means for the next few years.
Chief Technology Officer, Covered Insurance Solutions
Four sections, built on two proprietary datasets
Third-party research is used only to connect what we see in coverage data to what lenders see in loan performance.
How policy limits compare to estimated replacement cost across the homes in our book, and where the gaps concentrate.
Where carriers are still writing, where they've stopped, and how many real options a homeowner has by market.
Why an underinsured or non-renewed policy shows up later as a servicing and delinquency problem.
Practical monitoring and remediation steps for portfolios, not predictions.
Where the numbers come from
We didn't set out to write a market report. We set out to answer a question our lender partners kept asking us in different ways: how much of the insurance risk on our books can we actually see?
The honest answer, most of the time, is not much. A policy gets verified at closing and then goes quiet for years while replacement costs climb and carriers quietly pull out of entire zip codes. By the time anyone notices, the homeowner is underinsured, non-renewed, or both.
What we have that most people don't is the quote-and-bind data underneath that problem. This brief is our attempt to put numbers on it and say plainly what we think it means for the next few years.
Dataset
What it measures
Window
Dwelling limits against estimated replacement cost, by property and market.
2026
Carrier appetite and quote availability by market, including markets with no viable admitted option.
Jan to [MONTH] 2026
Ge, Johnson & Tzur-Ilan. Federal Reserve Bank of Dallas, March 2026. Used for the relationship between insurance cost, coverage changes, and mortgage delinquency.
[Source for the replacement-cost threshold finding]
[Source for state-level underinsurance rates]
Full methodology, definitions, and per-figure citations are in the appendix of the PDF.
Covered Hub monitors insurance health across a book of loans, so coverage gaps and non-renewals surface while there's still time to act on them.
Talk to our Team
Hours of Operation
Monday to Friday
6 AM to 7 PM MT
Saturday
8 AM to 5 PM MT
Sunday
Closed
Call Us
833-487-2683
.svg)
.svg)
“Quotes are presented solely for your convenience. Savings may vary. Rates are subject to change based upon the specific coverage you select and other factors that apply to your situation. CA License #0M81402, doing business as Cubbard Insurance Solutions in California.”