When Should You Review Your Homeowners Policy?
Major Changes Are a Good Time for a Policy Review
You do not necessarily need to wait until something goes wrong to review your homeowners insurance.
Changes to the property, household, or ownership situation can affect the amount or type of coverage you may want to consider.
You Remodel or Add Space
A kitchen remodel, room addition, upgraded flooring, new bathrooms, or other improvements may increase reconstruction cost.
You Add a Pool or Spa
Pools, spas, diving boards, slides, and related features may affect liability exposure and underwriting.
You Install Solar Panels
Owned or leased solar systems should generally be disclosed so the insurance company can evaluate the property correctly.
You Build a Garage or Shed
New detached structures may affect your other-structures coverage needs and overall property information.
A Policy Review Is More Than Checking the Premium
A useful review looks at whether the information and coverage on the policy still make sense for the home you have today.
Has Anything About the Home Changed?
Does Your Coverage Still Match Your Needs?
When Is a Good Time to Review Your Policy?
There is no single schedule that fits every homeowner, but certain moments naturally create an opportunity to review your coverage.
Renewal is a convenient time to review limits, deductibles, property information, and available options.
Improvements or additions may affect rebuilding cost and the features that should appear on the policy.
Jewelry, artwork, electronics, collectibles, or other valuable property may justify reviewing personal-property protection.
Marriage, additional residents, inheritance, home-office activity, or other household changes may affect insurance considerations.
Has Something Changed About Your Home?
Best Formula Insurance can help you review your homeowners coverage, property details, deductibles, and available insurance options.