Do You Need to Upgrade Your Home Insurance for 2018?

The onset of a new year is a good time to review your homeowner’s insurance to see if you need to update your policy. Major changes in your home or lifestyle could affect your coverage or make you eligible for discounts on insurance costs. An insurance upgrade may be necessary for 2018 due to:

Major Home Renovations

If you made major renovations to your Mesa, AZ home in 2017, i.e. kitchen overhaul, new deck, bathroom remodel, you’ll need to update your home insurance to protect these assets.

Major home improvements also increase the value of your property, requiring that you reassess your policy’s property damage limits to ensure they still cover the cost of repairing or replacing your abode in the event of a loss.

Some home improvements such as installing a home alarm system or upgrading your plumbing could qualify you for a discount on your policy. By discussing renovations with your INW Insurance Group agent, you can see what effect they have on your insurance coverage.

Change of Lifestyle

Sometimes a change of lifestyle can affect home insurance coverage or costs. If you retired in 2017 or quit smoking, you could be eligible for a discount on your policy. If you added a new pool or home gym to get more exercise, you may need additional liability coverage to protect you against accidents.

Pricey Items

You may have received pricey gifts in 2017 such as posh jewelry or expensive electronics that need to be added to your 2018 home insurance policy to protect them against theft or loss. By reviewing your policy, you can see if you need to increase your limits or obtain extra coverage to protect these goods.

An updated home insurance policy from INW Insurance Group serving Mesa, AZ, will protect your interests for 2018.