Your home is one of the most important investments you can make, so it is important that you update your home insurance should these changes arise.
When it comes to maintaining good care of your home, you have enough to worry about. What with mortgage payments, upgrades, repairs, cleaning the gutters and the basement and everything in between–they are probably all on top of your to-do list. All the while your home insurance policy may not have seen the light of day since you have purchased your home. This is actually dangerous because you need to know about any discounts or glaring in your coverage. Here are a few instances in which you should review and update your home insurance policy.
- Remodeling – Your home is insured for what is in your home at the time of purchase. If you have remodeled your kitchen, bathroom, living room, etc., your home’s market value may have risen. If there’s an accident that damages your home, it will likely not cover any post-remodel expenses. Update your policy to match your home.
- Expensive Items – You have limited coverage, and while you may think that it is a lot of money, one expensive item may put your claim above that limit. If you purchase a big-ticket item, like art or jewelry, make sure it reflects on your policy.
- Lifestyle Changes – Have you retired? Have you quit smoking? These, and more, are lifestyle changes that may land you some big discounts when it comes to your premium
For all of your home insurance coverage needs to keep your home safe from fires and other covered dangers, contact Stromsoe Insurance Agency. We will work with you to ensure you have the right coverage that you deserve, all at the right price to fit your budget.