3 Reasons to Update Your Homeowner’s Insurance

As a homeowner, you have many responsibilities in taking care of your home. Reviewing your homeowners insurance to ensure you have adequate coverage should be on the top of that list. Changes in your home could affect your current policy, resulting in insufficient coverage or gaps. Here are just a few reasons why you should consider updating your coverage with Old Pueblo Insurance in Oro Valley, AZ.

To Add Coverage

If you’ve made major home improvements to your property, you’ll need to add them to your policy in order to protect them against damage or loss. By updating your policy, you ensure all renovations get the coverage they need.

In like manner, if you received costly gifts or bought expensive merchandise over the holidays, you may need to add an endorsement to your policy to protect these goods against theft, damage or loss.

To Increase Coverage

Major home renovations may increase the value of your property, requiring that you raise your coverage limits to cover the increase in the cost of repairing or replacing your home in the event of loss. Insufficient coverage could result in your having to pay for major repairs out of pocket.

To Receive a Discount

Home improvements that increase your home’s security such as upgrading window or door locks or installing a home security system could help lower your home insurance rates as they reduce the risk of theft or vandalism. You may also qualify for a home insurance discount by upgrading your HVAC system or improving your plumbing or electrical system as these upgrades reduce the risk of flood and fire.

By discussing these and other home changes with your Old Pueblo Insurance agent in Oro Valley, AZ, you can get a better idea of how to update your homeowners insurance in order to get the most from your coverage.