Home Insurance ReviewIf you are like most homeowners, you purchased your home insurance and then you didn’t think about it for a few years. Although you have coverage, it’s important to have an annual review with your insurance agent annually. Beyond talking to your agent and examining your coverage, there are three main reasons you should commit to having your policy reviewed each year.

Check to See if the Policy Still Meets Your Needs

Although it may have only been a year since you purchased the policy, your needs may have changed. If you’ve increased the size of your home or made other significant changes, it’s important that your home insurance policy covers these changes. With a home addition, it’s possible that you don’t have enough insurance within your existing policy to cover you and your family. You should ask your agent about increasing the level of coverage since replacement costs are affected by inflation.

Insurance Policies and Procedures May Have Changed

Another great reason to have an annual review of your home insurance policy is the fact that your insurance may have changed. Like many companies, insurance companies review their policies and procedures to ensure that their policies align with their strategic goals. If the insurance company finds that your policy needs to be changed, then they can do so within the boundaries of the law. These internal reviews are one of the reasons you could experience a rate change to your insurance policy.

You May Qualify for Discounts

Lastly, you need an annual insurance review to ensure you are getting all the discounts available to you. Since policies and procedures change, as well as your life, you may find that insurance companies are offering more rewards and discounts to their customers after a year. They may even offer more lines of service at the time of your annual review. In situations like these, it’s important that you take advantage of all the discounts available to you to ensure that you don’t leave money on the table.

If it has been a year since you purchased home insurance, don’t simply let it auto-renew. You should take the time to have an annual review with your agent to ensure you have the best home insurance coverage for you and your family.

We’re here to assist you. Call Budget Insurance Agency at (478) 788-9188 for more information on home insurance agency Macon.

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