Reasons to Update Your Homeowners Insurance

We usually recommend that you reevaluate your homeowner's insurance at least once a year, around the time of renewal, to ensure that you're getting the best coverage, service, and price. However, this is only a starting point. Other times, you may want to make changes to your homeowner's insurance, whether that means modifying your policy or switching to a new insurance provider and policy.

Household Relocation

If you're moving to a new home, even if it's just down the street, you'll need to get a new homeowners policy.

If you're moving in the middle of an active homeowners policy, your current insurer will usually issue you a reimbursement for the remaining months on your policy (if you paid upfront) and/or cancel your policy without penalty.

If you've been satisfied with your current insurer's coverage and customer service, talk to them about insuring your new home. Moving to a new home, on the other hand, may be a good time to shop around and compare homeowners insurance quotes from various companies to ensure that you find coverage that meets the unique needs of your new home at a competitive price.

Having A Child

Congratulations on your new addition! Adding a new family member is both exciting and stressful. There will most likely be changes to your home, such as finally completing those home projects before the arrival of the baby and adding a nursery and expensive baby gear. This may necessitate an increase in your dwelling coverage (if you've updated or added to your home), contents coverage (baby supplies), or even your liability limits.

Divorce or Marriage?

You want your policy to be reflective of the needs of the people who live in your house. If you marry and move in together, you should add your new spouse (and their possessions) to your homeowner's insurance. If you're divorcing, talk to your insurance agent about whether you should adjust your coverage and remove your ex-spouse from the policy.

Home Enhancements

Inform your insurance agent of any home additions or upgrades. If you do not notify your insurer of any changes or upgrades to the structure of your home, the improvements may not be covered in the event of an incident or claim, and you may miss out on savings if you upgrade certain systems in your home. Higher dwelling coverage may be required for additions or upgrades, as well as content coverage for upgraded possessions. If you've added any detached structures, such as sheds, garages, pools, fences, gazebos, hot tubs, and so on, you may need to increase your "other structures" coverage limits.

Cost Comparison

Do you believe you are overpaying for your homeowner's insurance? See a television discount or deal from another insurer? We don't recommend switching homeowners insurance based solely on discounts or prices, but it's always a good idea to shop around for deals and discounts that can help you save money on your homeowner's insurance premiums. If you believe that you are overpaying for your insurance, it is not a bad idea to shop around for comparable deals.

We usually recommend that you reevaluate your homeowner's insurance at least once a year, around the time of renewal, to ensure that you're getting the best coverage, service, and price. However, this is only a starting point. Other times, you may want to make changes to your homeowner's insurance, whether that means modifying your policy or switching to a new insurance provider and policy.

Household Relocation

If you're moving to a new home, even if it's just down the street, you'll need to get a new homeowners policy.

If you're moving in the middle of an active homeowners policy, your current insurer will usually issue you a reimbursement for the remaining months on your policy (if you paid upfront) and/or cancel your policy without penalty.

If you've been satisfied with your current insurer's coverage and customer service, talk to them about insuring your new home. Moving to a new home, on the other hand, may be a good time to shop around and compare homeowners insurance quotes from various companies to ensure that you find coverage that meets the unique needs of your new home at a competitive price.

Having A Child

Congratulations on your new addition! Adding a new family member is both exciting and stressful. There will most likely be changes to your home, such as finally completing those home projects before the arrival of the baby and adding a nursery and expensive baby gear. This may necessitate an increase in your dwelling coverage (if you've updated or added to your home), contents coverage (baby supplies), or even your liability limits.

Divorce or Marriage?

You want your policy to be reflective of the needs of the people who live in your house. If you marry and move in together, you should add your new spouse (and their possessions) to your homeowner's insurance. If you're divorcing, talk to your insurance agent about whether you should adjust your coverage and remove your ex-spouse from the policy.

Home Enhancements

Inform your insurance agent of any home additions or upgrades. If you do not notify your insurer of any changes or upgrades to the structure of your home, the improvements may not be covered in the event of an incident or claim, and you may miss out on savings if you upgrade certain systems in your home. Higher dwelling coverage may be required for additions or upgrades, as well as content coverage for upgraded possessions. If you've added any detached structures, such as sheds, garages, pools, fences, gazebos, hot tubs, and so on, you may need to increase your "other structures" coverage limits.

Cost Comparison

Do you believe you are overpaying for your homeowner's insurance? See a television discount or deal from another insurer? We don't recommend switching homeowners insurance based solely on discounts or prices, but it's always a good idea to shop around for deals and discounts that can help you save money on your homeowner's insurance premiums. If you believe that you are overpaying for your insurance, it is not a bad idea to shop around for comparable deals.