Determine if you have the right amount of homeowners insurance for your needs.
Your home is your castle, and you likely do everything you can to protect it. From locking the doors at night to turning off the water supply while you’re out of town, there’s a lot that you can do to safeguard your home. As homeowners may (or may not) know, reviewing homeowners insurance at least once a year is an absolute must.
Homeowners insurance is there to protect your home after a disaster. It helps to rebuild, repair, and replace your home and belongings after a covered peril. What’s more, your finances needn’t take a hit after an accident or liability issue. However, even if you have a current policy in place, you may not always be as covered as you think you are. When your lifestyle and needs change, your policy will need to be updated. Reviewing your home insurance is the only way to make sure you know you’re covered!
Check Your Contents Coverage
Have you recently acquired or sold items? As your home inventory changes, so should your insurance. Whether you’ve received family antiques or a new laptop, be sure to add these valuable items to your home inventory list to protect them. If your possessions total more than your coverage, consider adding a rider onto your policy.
Ask the Experts
Don’t be mistaken into thinking that your home’s replacement cost value is the same as the price that you paid for it. You’ll have to factor in rebuilding costs as well as the price of materials, too. In order to determine the right level of coverage, ask for an estimate from your local contractor and seek advice from your home insurance agent.
Additions and interior renovations, such as a new kitchen or remodeled bathroom, could push your home past its current insured value. Some improvements may also come with unexpected insurance costs. For example, if you put in a new pool or buy a trampoline, you may need umbrella liability insurance.
With these tips, you can keep your home safe. For further help to do just this, secure reliable homeowners insurance! Visit the professionals at Bell Black Insurance today, serving Idaho Falls, Island Park, Driggs, Victor, Swan Valley, Ashton, and the neighboring communities in Idaho, as well as Jackson and Star Valley in Wyoming.