Is It Time to Update Your Home Insurance?

Update Your Home Insurance

Determine when you should update your homeowners insurance.

With the New Year come new resolutions, responsibilities, and excitement. When it comes to taking care of your home, you have a whole new year ahead to consider. While homeowners insurance may be the furthest thing from your mind, it’s important that you regularly update and maintain your policy. If you don’t, you could miss out on discounts and overlook huge gaps in coverage.

Here are some important times when you should contact us for an insurance review:

You bought a home – Coverage for any home is a must. Make sure that you’re insuring the home for the value that you want, likely the home’s estimated reconstruction costs and not its current market value. This is also the case if you’re buying a second home, renting out a place, or moving to a disaster-prone area.

You remodel your home – Whether you redo the kitchen or add a new deck outside, any major home renovations will affect your home’s value. By increasing the overall value, your insurance will need to match so that rebuilding your home is covered in the event of a loss. Keep in mind that adding sprinklers or burglar alarms can earn you a discount!

You make big purchases – Electronics, expensive jewelry, and high-value items should receive protection for a covered loss or theft. However, every homeowners insurance policy has limits. Talk to your agent to determine if you need additional insurance to protect your valuable items.

You have changes to your lifestyle – Certain life events may alter your assets and risk tolerance, and those can change how much homeowners insurance you need. If you’re moving in with a partner or have quit smoking, you’ll want to make sure you contact us.

Even though it’s easy to forget about homeowners insurance once you’ve bought it, it’s imperative that you don’t. Protect your family, home, and finances by talking to a licensed insurance consultant at Apollo Insurance Services. Visit us to get started today.

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