By reviewing your home insurance policy annually, you can ensure your coverage is up to date in offering the protection you need. Changes to your home structure or possessions could require that you update your policy to continue receiving adequate protection for your valuable investments. If you’re planning to renovate your home, talk to your Cross Creek Insurance agent to see how your renovations will affect your coverage. Here are some examples of when it may be necessary to update your home insurance policy.
Major home renovations like a kitchen overhaul or adding a back patio to your home will increase its value. If you want your Hope Hills NC home to be covered at its new value, you’ll need to update your coverage. You’ll also need to update your policy to add these renovations to your coverage so they will be protected along with the rest of your home.
Upgrades to Home Systems
Upgrades to your plumbing, electrical or HVAC systems reduce your risk of fire or water damage. This could qualify you for a discount on your home insurance costs. You should discuss these upgrades with your insurer to see how they affect your coverage.
Purchase of Costly Items
If you’ve recently purchased or received costly items such as original artwork, high-end electronics, or pricey heirlooms into your Hope Hills, NC home, you’ll need to update your home insurance to include these goods in your coverage. As standard home insurance has limits on property coverage, you may need to purchase additional insurance to fully protect these items.
By becoming familiar with the protection that your home insurance provides, you’ll have a better idea of when to update your coverage. For more information on updating your home policy, contact your Cross Creek Insurance agent today.