Determine if your home insurance coverage is enough for your property and belongings.
Your home is your castle. As it’s likely one of your biggest assets, it’s important to keep it safe. While you can rely on home insurance to try and make you whole after a claim, it’s your responsibility as a homeowner to keep this policy up to date. Every year at renewal time, it’s a good idea to review your policy and ensure that you have the necessary coverage.
Here’s what you should consider when reviewing your policy.
Check Your Contents
In a replacement cost policy, your contents coverage is based on a percentage of how much your dwelling is insured for. Replacement cost policies may not always include the same level of coverage for contents. As you’re reviewing your policy, consider if you’ve added or sold any precious belongings recently. If so, make sure the coverage amount is still adequate.
More Coverage for Home Upgrades
Additions and interior renovations, such as a new kitchen or remodeled bathroom could push your home past its current insured value. Whenever you make upgrades to your home, consult your insurer on the best way to stay insured. It may be as simple as increasing policy limits. Some improvements may require additional insurance, such as installing a pool or adopting a dog. In this case, you may need an umbrella liability insurance policy.
Consult the Experts
If you don’t know what you’re looking for when reviewing your homeowners insurance policy, ask your insurer for assistance. For help finding the right home insurance in Connecticut, and the surrounding cities, contact the independent insurance professionals at North American Underwriters. Serving New Britain, Bristol, Farmington, Plainville, and all of Connecticut; we will work with you to ensure you have the right amount of protection for your specific situation, all at the right price.
