Maybe your New Year’s resolution was to renovate your home. Maybe you received a generous gift from a loved one. In the midst of all this excitement, did you think to discuss these new plans/gifts with your insurance consultant?
Home renovations affect the replacement cost of your home and your homeowners insurance policy may need to be updated to provide coverage for the renovations. The same can be said for those expensive gifts you received this holiday season – jewelry, art, etc.
Part of your homeowners insurance is designed to cover your personal belongings, up to the policy limit, if you sustain a covered loss. Again, for this reason, it is important to do a home inventory to confirm that your insurance policy is providing you with the limits and coverage that meet your needs.
The New Year is a great time to re-evaluate your home and homeowners insurance so your coverage limits meet your needs.
If you have any questions, please feel free to call us at (561) 994-0880.