Homes often grow and change alongside the people living in them. If you've added expensive furnishings or made substantial upgrades, it's important to re-evaluate your homeowners insurance and make sure your policy reflects those changes. Here are four instances when it may be beneficial to review and adjust your coverage.
Remodeling or Renovation Work Home improvement projects typically increase the value of your home, which usually calls for more coverage. But that doesn't necessarily mean your insurance rates will automatically increase. In fact, some projects, like adding a new roof, may help you save on your monthly home insurance premiums. Just be sure to notify your provider before any work begins.
Adding a Pool or an Outdoor Trampoline Because these fun home features come with increased risk of injury, they're labeled an attractive nuisance. Upping your liability insurance can help keep you protected if there's ever an accident on your property and a subsequent lawsuit.
Acquiring New Valuables Whether you inherit them or purchase them, expensive goods such as jewelry, art, rugs and antiques should be added to your policy. Increasing your coverage is the only way to safeguard them in the event of damage or theft.
Starting a Home Business Many home-based business owners don't realize they have little, if any, coverage from a homeowners or renters insurance policy. Since a new home business likely means purchasing new technology and expensive equipment, you may need to get additional protection.
You worked hard for your home. Secure your belongings by updating your coverage to match your circumstances.
Author:Chris Carlson Phone: 757-328-0174 Dated: August 31st 2017 Views: 83 About Chris: With over 30 years as a Hampton Roads local, Senior Real Estate Specialist Chris Carlson, HRRP found...
View our latest blog posts in your RSS reader. Click here to access.
With over 30 years as a Hampton Roads local, Senior Real Estate Specialist Chris Carlson, HRRP founder, CEO, and military veteran, says - "It's not about making the sale or closing the deal; it's about the referrals we receive from our satisfied clients because we've done our job honestly, responsibly and by making our clients interest our number one priority. Our award winning team offers unparalleled service to home buyers and sellers throughout Virginia Beach, Chesapeake, Suffolk, Norfolk and surrounding areas."
Your complete satisfaction is guaranteed with our service and representation being our number one priority. We use the latest technologies, the most accurate market insight and aggressive business strategies to exceed your home buying or selling expectations. What sets us apart from other companies is our emphasis on online marketing, a knowledgeable team of home experts, lenders and our commitment to each and every client.