Questions to Ask for Your Annual Insurance Review

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Determine if your current home insurance coverage matches your needs.

The end of the year is near. While many are busy planning parties and preparing for the New Year ahead, it’s important to remember that this time of year is a great opportunity to go over your insurance policies. This season, make time to read over your home insurance coverage to ensure it stays in line with your needs.

Here are a few questions to ask yourself at least once a year:

1) Have I updated my home?

Have you made minor repairs? Major renovations? Remodeled after the youngest child moved out? If you’ve worked on improving your home, the value of it may have increased. As such, you will need more coverage to ensure it reflects the new home value and new risks.

2) Have I made any significant purchases?

Perhaps you splashed out on a new dining room table to host Thanksgiving dinner. Perhaps your loved one bought you a prized piece of jewelry. Think back to when you last reviewed your home insurance policy and what new items you have acquired since them. Your home inventory should be a comprehensive list of what belongings you have in your home. If you don’t list your new purchases, your insurer may not pay out to replace them if they are lost in a disaster.

3) Am I eligible for discounts?

Simply steps can qualify you for discounts. Have you installed a burglar alarm? Perhaps you’re thinking of bundling your home insurance with your life insurance. Talk to your insurance agent to understand the different ways you can save.

Your insurance policies should always stay in line with your needs, lifestyle, and home. Talk to the qualified team at American Premier Insurance to find out how you can acquire the right home insurance.