Is It Time to Update Your Home Insurance?

Reviewing your home insurance policy annually helps you evaluate whether adjustments need to be made to your coverage. A change in your home or lifestyle could require an update to your policy in order to maintain adequate coverage. If any of the following scenarios apply to you, it may be time to update your home insurance policy.

Major Home Remodeling

If you overhauled your kitchen or bathroom, expanded your patio or added a new pool to your home, you need to update your policy to include these renovations in your coverage. Home renovations are not automatically covered by your current insurance policy. You need to add renovations to your policy in order to protect your financial investment. 

Home renovations that increase property value make a home more costly to repair or replace if damaged. By assessing your new home value with INW Insurance Group in Mesa, AZ, you can make the necessary adjustments to your insurance coverage.

Lifestyle Changes

Lifestyle changes such as getting married or divorced could affect your home insurance coverage. If you’re merging your household with your spouse, you may need to raise your personal property limits to include your spouse’s belongings. If your spouse brings posh jewelry, heirlooms or antique furnishings to your home, you may need additional insurance to protect these costly items. In the event of divorce, you could reduce coverage of personal effects that will no longer be on the property.  

Big-ticket Items

The purchase of big-ticket items such as costly electronics or pricey jewelry will require additional coverage as standard homeowners insurance won’t be sufficient to cover the cost of repairing or replacing these valuables if they are damaged or stolen.  

By updating your home insurance with INW Insurance Group, you can have full confidence that your home and goods have adequate coverage to meet your needs.