Did you know that you should reassess your homeowner’s insurance policy annually? While many homeowners go years without really seeing if their home insurance is keeping up with their needs and life changes, it is important to assess if there are gaps in your coverage.
Reviewing a policy regularly helps ensure that protection reflects the current value of the home, personal belongings, and any new risks that may have developed over time.
Here are some signs that it is time to reassess your homeowner’s insurance in Defiance, Napoleon, or the surrounding areas:
- Major Life Changes
Getting married, welcoming a child, or even becoming an empty-nester can all affect what kind of homeowner’s insurance you need. These milestones may change the value of what is inside your home, or if you should shift the type of coverage that makes the most sense.
- Your Premium Is Increasing
If your home insurance premium has gone up significantly, it is a good time to review your policy. Sometimes an increase is tied to new risks in the area, but other times it means there may be a better option available that provides equal or better coverage at a more affordable rate.
- The Market Has Changed
Housing markets do not stay the same, and neither should your homeowner’s insurance policy. If property values in Defiance or Napoleon have shifted, your current policy may no longer reflect the true cost of replacing your home after a loss.
- You Have Renovated Your Home
Adding a new room, finishing a basement, or remodeling a kitchen all increase the value of a home. If your homeowner’s insurance has not been updated since these improvements, you may not be fully covered in the event of damage.
When it comes time to assess your home insurance in Napoleon, Defiance, Ohio, or the surrounding areas, our team is here to help you find the right coverage for your needs. We take the time to review your current policy, identify vulnerabilities, and compare options from top-rated carriers so you can feel confident knowing your home is fully protected! Contact us today to connect with an agent.