Find out what questions you need to ask when reviewing your home insurance.
You invest in home insurance to keep your home as safe as can be. Your policy helps to keep your home safe from an array of disasters. It helps to rebuild your home should it be destroyed by a covered peril, and it helps to replace a handful of personal items if they’re damaged in a disaster. However, just because you bought insurance, doesn’t mean that you don’t need to check on your policy. As your life changes, so may your coverage. Don’t leave your home vulnerable to any coverage gaps. Check out these questions that can help you determine if you need to update your home insurance policy.
Have you remodeled your home recently?
From kitchen renovations to backyard fire pits, if you’ve made any changes to your home recently, it’s important to discuss them with your insurance agent. Certain changes may affect the value of your home, which will affect your insurance. Your homeowners insurance gives you enough coverage to rebuild your home from the ground up. However, when you renovate your home, it may cost more to rebuild. Update your policy so that you’re not left paying out of pocket when disaster strikes.
Have you made any valuable purchases lately?
Your homeowners insurance policy gives you coverage for some of your personal possessions. However, this coverage usually is not extended to your valuables. From jewelry to artwork to firearms, it’s important to insure your prized possessions with supplemental coverage. If you’ve made any new valuable item purchases recently, ensure that you update your insurance policy.
When it comes to your home insurance, it’s imperative that you regularly check on your policy. As your life changes, update your policy. That way you’re prepared for whatever life throws your way. Contact the professionals at Gant Insurance Agency in McKinney, Texas for all your personal and commercial insurance needs.