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
South America: Beyond the Basics
Surprising South America: Fun Facts, Hidden Gems, and Unexpected Trivia (You Won’t Believe #7!)
She Means Business: Powerful Women Who Built Billion Dollar empires
Conquering the Corporate Jungle: Inspiring Women-Led Businesses You Should Know (Free Business Insurance Quote!)
Your Life Insurance Policy: A Secret Savings Account?
Don’t Cash Out! Unlock the Hidden Benefits of Your Life Insurance Policy (Free Quote Included!)
Don’t Be a Drain! The Essential Fluids Your Car Needs to Flow
Car Care 101: Essential Fluids Explained (Don’t Get Stuck on the Side of the Road!)
How to Maximize Your Chances of Getting Your Security Deposit Back
Moving Out? Don’t Leave Your Money Behind! Get Your Security Deposit Back Every Time (and Maybe Even Renters Insurance!)
Garage Sale Gold! How to Turn Trash into Treasure (and Cash!)
Don’t Trash It, Sell It! Pro Tips for a Successful Garage Sale (and Extra Cash!)
Don’t Let Your Business Go Up in Smoke! Top 5 Causes of Commercial Fires (and How to Prevent Them)
Commercial Fire Safety: Protect Your Business from the Top Fire Threats (Free Quote Included!)
Taming the Paper Tiger: How to Keep Important Documents Safe
Don’t Let Your Important Documents Become Disaster Snacks! Safe Storage Tips Inside
A Fun Ride Through Auto Racing History (and How to Save on Insurance!)
Need for Speed: A History of Auto Racing in the US (Plus Save on Car Insurance!)
Dive into Safety: Essential Pool Tips for Fun (and Peace of Mind!)
Poolside Paradise or Potential Peril? Top Pool Safety Tips for Families