Home insurance is something that needs to be updated on a regular basis as things in your life and in your home change. There are many good reasons to review your home insurance policy. The best way to make sure that you have the coverage you actually need is to make sure you keep an eye on your policy and your coverage. At JC Demo Insurance Group in Matthews, NC, we have been serving the needs of residents for the last 20 years.
When your policy renews
Most home insurance policies are renewed yearly. When it is time for the renewal, you will get a declaration page as the first page of your policy. It will give you all the pertinent information about your coverage. Don’t just do the renewal without giving it a good look over. Things change over time and what may have been adequate coverage when you purchased your policy may no longer meet your needs.
You’ve made major improvements
If you have made major improvements to your home, you should inform your insurance agents so they can make sure that your coverage keeps pace with the value of your home. Some improvements can save you money on your insurance, if you have replaced your roof or if you have added a home security system. These are things you also need to inform your agent about.
You have made additions to your home
If you have added a dog, a pool, or a trampoline, you may need to review the amount of liability coverage that you have. All of these things pose an additional risk and having more liability coverage is a good idea.
Reviewing your home insurance is something that all homeowners need to do on a regular basis. At JC Demo Insurance Group in Matthews, NC, we are here to help with any changes you need to make to your home insurance.