6 Steps In Reviewing Home Insurance

​People often get insurance when they first move into their new homes. As the family purchased new items and equipment, they don't review if they are protected appropriately by insurance. This situation can lead to a coverage gap.

To make sure you still have the proper coverage, consider taking the following steps: 

1. Creating A Home Inventory
   A home inventory includes the list of your property, the date of, and the purpose of purchase. This is used as a guide when discussing with your agent in choosing the right policy.
   
   
2. Meeting With Your Agent
   You should meet with your agent annually as it is necessary to change your insurance over time. It will help you to see if your coverages are sufficient for your current needs.
   
   
3. Asking For Discounts
   When reviewing your home insurance, always ask about available policy discounts. Looking for such can help you to lower down your cost on insurance.
   
   
4. Reviewing Your Auto Policy
   Remember to review your auto policy if ever you combine it with home insurance for discounts. Also, ask for some safe driving discounts that you are qualified to get.
   
   
5. Reviewing Home Renovations
   Have a talk with your agent if you have any renovations made at home to make sure it's reflected on your coverage.
   
   
6. Discuss Landscaping Changes
   A new sprinkler system, shed, or pool may require you to have some changes in your policy. Discuss this with your client to have it reflected on the insurance.

Why is it Important to Have An Annual Home Insurance Review?
Over time, your home value increases. That means the insurance covering it should grow too. Not reviewing your policy can lead to gaps that are expensive to rebuild in times of emergency. Any upgrades or renovations made in your house should reflect in your insurance. It ensures everything in your home is protected, and your coverage is keeping up with it.

Conclusion
Always remember that your agent should update you with any changes made in your home. Annual home insurance review checks to see if some items need extra protection. Furniture and equipment used in business can also be covered by home insurance. You can discuss add-on policies with your agent. So you have benefits to cover you from your situation.

At Family Auto Insurance Agency, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (313) 285-9042. Get your free quote today by CLICKING HERE.