As a homeowner, you know your home is one of your most valuable assets. It’s not just the physical structure but everything inside – from your furniture to your clothes to your priceless family photos. That’s why it’s so important to have a good home insurance policy in place. But what happens when your needs change? Here are four signs that it might be time to update your home insurance policy.
1. You’ve Made Major Renovations to Your Home
If you’ve made any significant renovations to your home, it’s essential to let your home insurance company know. That’s because the value of your home has likely gone up, which means you need more coverage. For example, if you’ve added a new room or replaced your roof, you’ll need to update your policy.
2. You’ve Acquired New Belongings
Over time, you’re bound to acquire new belongings. Whether it’s a new piece of furniture or a new energy-efficient appliance, you could be underinsured if you don’t update your policy. If something happens to your home and you need to make a claim, you might not get enough money to replace your belongings.
3. You Have a New Baby
Becoming a parent is a huge life change and should be reflected in your home insurance policy. That’s because you now have more people in your home who are vulnerable to injury. You may also have more belongings, like toys and baby clothes, that need to be protected.
4. It’s Been a While Since You Reviewed Your Policy
Even if nothing significant has changed in your life, it’s a good idea to review your home insurance policy regularly. That’s because, over time, your needs may change, and you might be able to get a better rate. So, if it’s been a while since you reviewed your policy, now is the time to do it.
Contact your insurance agent today if you’re thinking about updating your home insurance policy. They can help you assess your needs and ensure you have the coverage you need. At Runnels Insurance, we can help you review your existing policy to see if it meets your current needs in Brandon, FL. We’re also here to help you find a new policy if you need one. Contact us today to get started.