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When to Update Your Homeowners Insurance

Home Insurance UpdateEnsure your home has the protection it needs when you need it the most.

Tasks for home care and maintenance ranges from cleaning the gutters to shining the silverware, to reviewing your homeowners insurance regularly. As it turns out, the latter is the task most forgotten about, yet provides an abundance of protection for your finances, home structure and contents.

If you don’t update your policy regularly, you could miss out on discounts and overlook glaring coverage gaps. Here are three circumstances in which a call to your insurer is highly recommended!

  1. When You Buy a New Home
    Your new home will have a different location, risks, and value to your old home, thus your insurance coverage will be different.
  2. When You Remodel Your Home
    Whether you are redoing your kitchen or extending your deck, major home renovations usually boost a home’s value and increase the rebuilding cost in the event of a loss. Increase your insurance so that it reflects the cost and value of your property when updating it.
  3. Lifestyle Changes
    Certain life events may alter you assets and your risk tolerance. For example, if you have recently retired or quit smoking, you may be eligible for a discount.

Neglecting your policy could lead to coverage gaps and unexpected out-of-pocket costs. Keep in touch with your Pierce Insurance Group agent and contact us today for an all-encompassing homeowners insurance policy in McKinney, Texas.