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

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about our blog writer?

Read more about KayLynn's background.

Click Here

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Lavender: An Essential Oil for Your Home

Lavender is a Great Smelling, Natural Essential Oil with Many Benefits.

The Value of Business Interruption Insurance

What Would You Do if a Calamity Closed Your Business?

Life Insurance and Suicide

Suicide is Difficult to Discuss, Especially when Life Insurance is Involved

Why Credit Scores Impact Auto Insurance Rates

Many Factors Impact Insurance Rates, Including Your Credit Score

Renters Insurance and College

Make Sure Your Student’s Possessions Are Protected When Heading Off to College

9 Things You May Not Know about Thomas Edison

Some Interesting Tidbits About America’s Greatest Inventor

Should a Stay-at-Home Spouse Carry Life Insurance?

The Importance of Life Insurance on a Stay-at-Home Spouse

Who Covers You When Renting a Car?

You May Have More Coverage Than You Know!

Homeowners’ Liability Insurance: Who Would Sue You?

You May be Surprised at Who Would Sue You in a Pinch

Poorly Reviewed Movies That Became Classics

When Good Movies Get Bad Reviews

Leave a Comment