5 Times You Need to Upgrade Your Homeowners Insurance
5 Times You Need to Upgrade Your Homeowners Insurance
In reality, homeowners should have their homeowners’ insurance policy reviewed annually. This should be done more frequently when significant changes take place. Here are five times when you should consider upgrading your homeowners’ insurance policy.
1. When You Add an Outbuilding
Adding an outbuilding like a shed, unattached garage, barn or even a gazebo could potentially impact the value of your property and should trigger a call to your insurance agency. Along with making sure your outbuilding has necessary permits and meets local regulatory or HOA standards, letting your insurance agent know about the structure will make sure you remain covered.
2. When you Build an Addition
Adding space to a present home can be a practical and affordable alternative to moving to a larger house. Families needing more space may add on a sunroom, extra bedroom or bath. Kitchens can be expanded, a game or theater room added or even a deck or fence constructed. Each, however, potentially increase the home’s square footage and value. It is also likely to impact your homeowners’ insurance. Contact your provider to see how an addition to your home will affect your coverage.
3. When you Make a Significant Remodel
While you don’t have to make your insurance agent aware if you are painting a bedroom, a significant upgrade or remodel should be noted. Making structural changes, new windows or a roof, or expensive kitchen or bath upgrades can significantly affect your home’s value. This is an excellent time for a homeowners’ insurance policy review and potentially an upgrade.
4. When you Add Recreational Equipment
Considering adding an indoor or outdoor pool? Think the kids will burn off some energy if you get an outdoor trampoline? You may want to talk with your insurance agent first. These items can increase the liability risks of a policy and adjustments in your policy may be required. This is important to do before someone gets injured.
5. When You Add Safety and Security Equipment
More homeowners are taking advantage of technology to add more and more security and safety features to their home. Cameras, smart lighting, and alarms may qualify you for some homeowners’ insurance discounts you otherwise may miss out on. Even upgrading locks and deadbolts may improve security and earn a discount.
If it has been over a year since you’ve had your homeowner’s insurance reviewed or you have made one or more of the above changes, contact us for a free, no-obligation homeowners’ insurance review. We’ll not only make sure your coverage is sufficient but may be able to actually save you money. We look forward to assisting you.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Blogs
Embracing Tomorrow: The Practical Power of Planning for Life’s Only Certainty
Face the future with confidence: Understand how planning for life’s only certainty with life insurance can provide lasting security.
Steering Your Savings: Taking Control of Your Car Insurance Rates
You’re in the driver’s seat! Learn how your credit, driving habits, vehicle choice, and smart shopping can lower your car insurance costs.
Underfoot Upgrade: Transforming Your Garage Floor from Forgotten to Fantastic
Don’t ignore your garage floor! Discover easy and impactful ways to upgrade this often-neglected area of your home.
Unwrapping the Wiener: A Deep Dive into the History and Lore of the Hot Dog
Beyond the bun: Discover the surprising history, varieties, and enduring appeal of America’s favorite tubular treat.
The Untapped Power of Collaboration: Why Asking for Help Fuels Business Success
Stop going it alone! Discover how leveraging the expertise of others can relieve pressure and drive your business forward.
Navigating the Grandparenting Journey: Understanding Today’s Families
Grandparenting today: Learn key shifts in family dynamics to build stronger connections with your children and grandchildren.
Mapping Our Paths: The Fascinating Reasons Behind Our Road Networks
The story behind the asphalt: Explore the geographical, historical, and planning influences that shaped our modern road systems.
Neighborly Navigations: Resolving Disputes in Non-HOA Communities
No HOA, no problem? Learn how to navigate neighborly disputes effectively in communities without formal management.
Vintage Years of Vision: Four Times Hollywood Hit Cinematic Gold
Like fine wines, certain years in film history stand out for their exceptional quality and the enduring impact of the movies they produced. This article explores four such landmark years, presented chronologically, that many cinephiles consider to be among the greatest in cinematic history.
Green Means Growth: How Environmental Responsibility Can Boost Your Business
It might seem like a secondary concern when facing immediate business challenges, but embracing environmentally friendly practices can actually be a powerful strategy for improving sales, attracting top talent, strengthening your brand, and even saving money. This article explores the tangible benefits of going green for your company’s bottom line and long-term success.