Change Should Prompt Review of Your Homeowner’s Insurance
Have you recently gotten married or divorced, remodeled, or made your home safer? These changes might make you eligible for lower insurance premiums, or you might need to increase your coverage.
The Insurance Information Institute says there are four major events that should recipitate a review of your policy:
- When it’s time to renew your policy.
- When you make a major purchase or improve your house.
- When you’ve made your home safer.
- When you’ve made a major lifestyle change (marriage, divorce, new baby, empty nest).
Once you make any necessary changes, keep your policy paperwork in a safe place. Take an inventory of all your possessions. Video tape is an easy way to do that.