A recent survey in the United States has showed that almost twenty percent of homeowners over the age of 60 had never updated their home insurance policies. And we also know the reason behind this. you’ve already purchased a homeowner’s insurance and have invested time and effort into building up a policy suited to all your needs. Why then should you revisit it again and again for amends and additions? Where the questions and thoughts mentioned above are valid; it does not include instances in which you voluntarily make changes and introduce new things to your house. As all homeowners know, their issuance policy is an agreement which includes factors, liabilities, and materials which are already agreed upon. When you make a change to either one of these, it does not translate to your premade agreement. This is why you should always notify your insurance agents and agency about any new changes so they can cover it in your insurance policy.

We’ve put together a few instances in which you might want to update your homeowner’s insurance policy to insure your livelihood.

Making renovations or introducing new improvements to your home

If you make any kind of changes to your home, be it kitchen renovations or remodeling your washroom, it is quite possible that new improvements and damages incurred in the process won’t be covered by your insurance. Therefore, you need to let your insurance agency know about it. Further additions which may not be covered by your homeowner insurance include adding a deck to your front yard, adding a storage shed or two, etc.

Liability protection

Although general liability is covered by primary homeowner insurance policy, you might want to give it a look again after additions or removal from your property. You should do this even when there are no additions or removals as it is quite possible that you may not have as much liability coverage as you once need or thought you had. Liability coverage can protect you against property damage or bodily injury claims and thus, is an extremely important part of your insurance policy to pay attention to.

Don’t miss out on your available savings

Not reviewing a homeowner’s insurance policy constantly or occasionally might suggest that you may be missing out on your available savings. At Paradiso insurance, we are always introducing new discounts and options that benefit our customers greatly and we highly recommend that you renew and pay close attention to the alerts sent out. This is how you can take the maximum advantage from our deals and discounts and will be able to make the most out of your homeowner’s insurance policy.

Moreover, this is also a great way to familiarize yourself with the extent of your coverage.

Impactful spending

Big, pricey, and expensive items such as a Jacuzzi or a flat-screen won’t be included in your primary plan. It is always good to make sure that your insurance agency is notified with such purchases.  Our homeowner’s insurance policy is one of the best in town and you should renew it in order to make the most out of it too!