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When Should You Update Your Home Insurance?

When Should You Update Your Home Insurance?

Your home is one of the most important investments you can make in your entire life, so it is important that your homeowners insurance is up to date to best cover your home.

When it comes to taking care of your home, you already have enough to worry about. You have your mortgage payments, repairs, upgrades, cleaning the gutters, etc.–and they are all probably at the top of your to-do list. It may not be as obvious as a creaky garage door, but your homeowners insurance policy is just as important to maintain. If you do not review and update your policy, you could miss out on some real discounts and overlook otherwise glaring coverage gaps in your policy. Here are a few reasons to update your homeowners insurance.

  1. Remodel Your Home – Your coverage is based on the number of things in your home and their market value. If you remodel your kitchen, bathroom, and/or living room, you need to update your homeowners insurance policy to reflect your new appliances.
  2. Purchase an Expensive Item – This goes off of the previous point; that being if you purchase a big-ticket item like a 100-inch television or a piece of art, you need to update your coverage in order to include this expensive item. This is because coverage is provided only up to a certain limit and that big-ticket item could easily take a large portion of your coverage.
  3. Lifestyle Changes – Have you stopped smoking? Have you retired? These are lifestyle choices that can make a real difference on your premium. Make sure to speak with your insurance agent over your homeowners insurance policy to see what coverage is right for you.

Your homeowners insurance policy deserves to be one that protects your home and any changes that you make to your home. Get more coverage for less by contacting Scautub Agency in Scotia, New York.

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