How Often Should I Shop for Homeowner’s Insurance?

The coverage provided by your homeowner’s insurance policy is crucial as it ensures that your home and the assets within it are protected in the event of a disaster. Unfortunately, a common mistake made with homeowner’s insurance is forgetting to account for change. Your policy is meant to last many years, so it only makes sense that your coverage mirrors the changes that happen over the lifespan of the policy. You should shop your policy around at least once a year to reevaluate and ensure that your needs are still met.

What Kind of Changes?

There are many reasons why you might want to shop your policy around when looking to meet the needs of changes in your life. For many homeowners, improvements are constantly being made around the house. Whether it be something as small as fixing a bathroom sink, or as large as remodeling the kitchen, these factors will add up when it comes to assessing your home’s value. Many people come to learn that after enough touch-ups on the home, the value has increased enough to the point where they are not covered adequately. Shopping around your policy and revaluating your coverage is a great way to reaffirm that you are getting your money’s worth

Valuables inside the home also play a role in your coverage. When you list the value of certain items, you need to keep in mind that they might depreciate over time. If you installed a home theater system ten years ago when you bought your policy, it might not be worth as much since technology has improved since then. By updating your policy, you can adjust for the change in value and ultimately save money.

An Insurance Agency You Can Trust

Homeowner’s Insurance can be tricky, but at Corkhill Insurance Agency, LLC, service is our policy, and we wish to do all we can to help find the perfect policy for you. We have been serving the residents of Orlando for the last 42 years, and we intend to continue the tradition of providing our clients with the best. Call us today at 407-898-8891 to for any of your insurance concerns, or to receive your free quote today.