Many homeowners purchase an insurance policy when they first move in, but they may not understand the importance of periodically reviewing it or reassessing their needs. It’s an oversight that can ultimately lead to a gap in their coverage.
A home renovation or upgrade is another reason you may want an insurance review. Everything from new furniture to a kitchen upgrade can affect the value of your family’s home, and may even qualify you for additional discounts on your insurance policy.
An annual insurance review can also be an important opportunity to ensure you are receiving all possible discounts on your homeowners policy. For example, you may qualify for a discount if you have installed a security system, a smoke alarm.
Like home maintenance, an annual insurance review is something that can go a long way to protecting what is likely your biggest investment.