Why Are Home Insurance Policy Reviews Necessary

If It Ain’t Broke, Check Into It

A single conversation with an insurance agent can help you understand your home insurance coverage, and what measures must be taken in order to ensure you stay covered and prevent any unforeseeable financial losses.

If you’re planning on finishing your basement or renovating your home, a home insurance policy review will help you determine whether you’ve got enough coverage as is, or whether you need a policy upgrade. New home additions often require new forms of coverage: if you’re finishing your basement, for example, you may need to purchase an insurance package that protects items from water damage. Back-up water coverage could help you protect your valuable furniture, flooring and electronics in the event that a sump pump breaks or a drain backs up. If you’re planning to upgrade or renovate your home, check to make sure your policy covers new furniture items and home additions. A partially renovated kitchen could change your existing kitchen from “standard” to “custom” or “semi-custom” in your insurance company’s eyes.

Remember that old saying, “if it ain’t broke, don’t fix it”? When it comes to home insurance policy reviews, like home maintenance, that saying just doesn’t apply. In order to guard against ‘it’ breaking, homeowners need to take a proactive approach and regularly review their insurance policies to make sure that their coverage is up-to-date and accurately assessed.

Saving Money

Not only will a home insurance policy review help save you money in the long-run by ensuring that all of your home assets are properly covered, but it can also be an important opportunity for you to check and make sure you are receiving all the benefits your homeowners policy promises. For example, you may qualify for a discount if you install certain home features, such as a security system or smoke alarm. Depending on your insurance plan, you may qualify for discounts you didn’t even realize you were eligible for!

Home insurance packages often come with additional discounts if you insure other assets with a single insurance company, such as your vehicle or boat. You may also be eligible for a discount if your household is smoke-free, or if your house is designed with extra safety or security measures. Home insurance policy reviews are quick and easy to do, and they will save you money, time, and stress in the long-run. What are you waiting for? Call an agent today!

Ensuring Peace of Mind

Home insurance policy reviews are also very useful if you’re considering changing the outdoor environment of your property. Any luxury additions, such as a hot tub or pool, may change your insurance coverage. Building sheds, outbuildings, or changing your yard’s landscaping may also affect your insurance coverage. Before you make any changes to your property, it is necessary to have a home insurance review so that you can make sure you don’t lack any coverage.

Even if you aren’t planning to significantly renovate or update your home or property, it’s important to have a home insurance review just for peace of mind. You may not realize that you home’s value has increased or decreased, or that the terms of your coverage have changed.

At Sadler Insurance, we’ll work closely with you to ensure that your home coverage is exactly as it should be. Call us today for your home insurance policy review.