When Do I Need to Update My Home Insurance?

Updating Your Home Insurance Carlisle PAHomeowners should protect their home with accurate insurance coverage.

When it comes to taking care of your large asset, your home, there’s more than enough to do to keep busy! Unfortunately, most homeowners tend to forget the most protective, most helpful precaution – home insurance. This coverage is designed to protect your home and assets in the event of a disaster.

Below are some circumstances in which you should review your home insurance coverage to ensure that are continuously protected.

A New Home
Coverage for your home is imperative. If you buy a new home, be sure that you receive the insurance that covers your home’s estimated reconstruction costs and not its current market value.

Remodeling
Whether you’re renewing your bathroom or adding an outside deck, major home renovations usually boost your home’s value. This value should be reflected in your insurance coverage. Be sure to update your insurance when you update your home.

New Purchases
If you have recently bought a pricey TV or a flashy necklace, talk to your insurance agent. While your home insurance can cover valuables against loss or theft, coverage is only provided up to a certain limit.

Lifestyle Changes
Certain life events may alter your assets and risk tolerance, which can change how much insurance coverage you want. For example, if you have retired or quit smoking you may be eligible to receive a discount on your insurance.

Now that you know when to update your home insurance, ensure that you have the proper coverage at the present time. Contact Miller Insurance in Carlisle, Pennsylvania for all of your insurance needs.