How to Review Your Home Insurance Policy at Renewal

Review Your Home Insurance Policy at Renewal

What you need to know before you auto renew your home insurance.

Many homeowners purchase home insurance and hit ‘auto renew’ every 12 months. However, this can be a costly mistake to make. Not reviewing your home policy often isn’t ideal. Not reviewing your home policy at renewal could leave your home and possessions open to all sorts of risk.

To ensure that you’re getting the most out of your coverage, consider these factors upon renewal.

Blanket Coverage for Belongings

Consider your possessions over the past year. Have you sold or bought new items? Spring cleaning offers the perfect opportunity to update your home insurance. If not, at least review your personal property coverage when it comes time to renew your policy.

Safeguarding the Structure

Review the list of periods that your insurance protect against. You may see fire, vandalism, theft, wind damage, and more. What you may not see is coverage from a flood, sewer backups, or earthquakes. If you believe that your home is now at risk of one or all of these events, look into securing the additional insurance. Also, take the time to review your deductibles and limits. While raising your deductibles may save you a few pennies each month, you will be paying a higher out-of-pocket cost in the event of a claim. Double check that your deductible meets your financial needs.

Consult the Professionals

Industry experts are there to guide you into the right policy that best suits your needs, home, and budget. Don’t be afraid to ask for help securing the right coverage, limits, or enquiring about the best ways to save money.

The team at American Premier Insurance is more than happy to help you along this process! Visit us today to learn more about how we help you find reliable homeowners insurance for your needs.