As a homeowner, you need adequate insurance coverage to protect your investment and belongings. However, just purchasing a policy once and forgetting about it will not give you the protection you need. Your policy should be updated consistently to reflect any changes to your home and lifestyle.
How often should you update your home insurance policy?
And what changes require an update? If you live in the Altoona, PA area, H. Dean Allison Insurance wants to help you answer these questions and more.
Changes to your home, personal life, and economy can all impact your coverage needs, so it’s best to review your policy annually. This review should include assessing your coverage levels and any necessary updates. For instance, if you’ve added a swimming pool, updated your HVAC system, or made any other home upgrades, it may be time to increase your coverage limits.
Other situations may require a policy update, such as purchasing new expensive items like jewelry, antiques, or electronics. Some homeowners may also qualify for discounts on their policies if they install security systems or make improvements that lessen the likelihood of severe weather-related damage, such as sturdy roofing or hurricane shutters.
Aside from regular reviews and updates, homeowners should also contact their insurance agent whenever other significant life changes occur. These changes could impact the type of coverage you need or the coverage limits required to protect your family and assets fully.
Reach Out To Us
Regular reviews and updates are necessary to ensure that your coverage reflects your evolving needs and that any significant changes in your life are accounted for. H. Dean Allison Insurance is available to answer any question about your home insurance policy, so contact us in the Altoona, PA area today.
