No one ever plans on needing home insurance coverage, but sometimes life throws you a curveball and forces you to make a claim. That’s why it’s essential to know when you might need extra protection – just in case. Here are four situations when getting additional home insurance might be a good idea.
1. When You Renovate Your Home
Once you start making changes to your home, your insurance policy might not cover the total value of your property anymore. This is because most policies limit how much they will pay out for rebuilding costs. If you’re planning on doing any major renovations, getting extra coverage is a good idea to ensure you’re fully protected.
2. After Any Major Purchase
If you buy a new piece of furniture, appliance, or electronic worth more than a few hundred dollars, you should add it to your insurance policy. Most policies limit how much they will pay for personal belongings, so it’s essential to keep track of what you own and ensure it’s all adequately covered.
3. If You Experience a Major Life Change
Your insurance needs will change if you get married, have a baby, or move to a new home. Make sure you review your policy and make any necessary changes to remain adequately protected.
4. If You Discover You Are Under-insured
If you ever have to make a claim and find out that you’re under-insured, you’ll be responsible for paying the difference between what your policy covers and the actual cost of repairs. To avoid this, it’s a good idea to periodically review your coverage and ensure you have enough insurance to protect your home.
If you’re unsure whether you need extra home insurance coverage, it’s always a good idea to speak with your agent or insurer. They can help you assess your needs and ensure you have the proper protection. For those in Brownwood, TX, Robnett Integra Insurance Services can help you find the right coverage for your home. Give us a call today to get started.