When was the last time you gave your home and auto insurance policies an annual checkup?
A lot can happen in a year, and reviewing your current coverage is worthwhile to see if anything needs to be updated or changed.
Keep reading to learn why you should check in on your policies.
Major Home Renovation
If you added on to your home, upgraded the kitchen and bathrooms, or made any other big changes to the property, make sure you have enough dwelling coverage to rebuild your newly remodeled home.
Even if you’ve only done minor renovations, rising construction labor and materials prices could mean that your coverage wouldn’t be enough to rebuild your home in its current condition. In that case, you’ll want to increase your coverage to avoid having to foot some of the bills yourself.
Addition of Valuable Objects
Have you purchased or inherited valuable artwork, antiques or jewelry in the past year? It’s time to update your home inventory and see if you have the proper policies to replace the value of the items inside your home. And if you added a home security system to protect your valuables, you may be eligible for a discount.
Change in Marital Status
Did you get married recently? You could be eligible for a discount if you bundle home and auto insurance policies with your new spouse.
If you got divorced or your spouse has passed, you can no longer be on a joint car or home insurance policy with that person. Reach out to get a quote for your own policy.
Payments on an Auto Loan
Review your auto insurance coverage to see if it still meets your needs. For example, if you’ve paid enough of your auto loan down, you may no longer need gap insurance. If you’ve changed jobs and are doing less driving, you may be able to get a discount.
Do you have questions about your coverage? Reach out so we can discuss your insurance needs.