Your home insurance policy should always reflect your current needs. Life changes, home upgrades, and inflation can all impact how much coverage you require. Reviewing your policy regularly helps ensure you have the right protection in place when you need it most.
1. Review Your Policy Annually
Insurance needs change over time. Set a reminder to review your home insurance policy once a year. Check key details like:
- Coverage limits: Make sure they match the current value of your home.
- Personal property coverage: If you’ve purchased expensive items, you may need additional coverage.
- Exclusions: See if any new risks, such as flooding, require separate insurance.
A quick annual review can prevent unpleasant surprises when it’s time to file a claim.
2. Update Your Policy After Home Upgrades
Major home improvements can increase the value of your home, which means you may need to adjust your coverage. Contact your insurance provider if you’ve:
- Renovated your kitchen or bathrooms
- Built an addition or finished your basement
- Upgraded your roof, plumbing, or electrical system
Failing to update your policy after upgrades could leave you underinsured in the event of a loss.
3. Make Sure You Have Enough Liability Coverage
Liability protection is a crucial part of home insurance, covering medical expenses and legal fees if someone is injured on your property. If you’ve added features like:
- A swimming pool
- A trampoline
- A new pet
You may need to increase your liability limits to ensure you’re adequately covered.
4. Check for New Discounts and Bundling Options
Many insurance companies offer discounts for things like:
- Home security systems
- Smart home technology
- Bundling home and auto insurance
Ask your insurance agent if you qualify for any new discounts to help reduce your premium.
5. Speak with an Insurance Expert
The best way to keep your policy up to date is by consulting with an experienced agent. They can help you understand your coverage, recommend adjustments, and ensure you’re getting the best protection at the right price.
For a policy review, contact Riverfront Insurance Partners at 859-512-8325 or visit their Google Maps location.