When’s a Good Time to Upgrade Your Home Insurance?

The beginning of a new year is always a good time to review your home insurance to see if it still provides the protection you need. Changes in your home or lifestyle could require that you update your home insurance policy. Here are a few scenarios that may warrant an upgrade in your home insurance coverage.

Major Home Improvements

When you buy home insurance, coverage is based on the value of your home and personal belongings. Significant home improvements such as a kitchen do-over or bathroom remodel can increase your home’s value. This increase may require that you raise the limits on your coverage to coincide with the new value of your Hilton Head Island, SC property. You’ll also need to add the upgrades to your coverage to ensure they’re protected along with the rest of your property.

Change of Lifestyle

Lifestyle changes such as a new baby, divorce, or retirement could affect your home insurance, especially if you’ve made adjustments to your home to accommodate your new lifestyle. You may have converted a study into a nursery for the baby, adding safety measures that could qualify you for a discount on your policy. Or you may have put in a new pool to get more exercise after retirement, making it prudent to increase liability coverage for protection against accidents. By discussing these changes with your Premier Insurance Advisors agent, we can adjust your coverage to protect your interests fully.   

Costly Gifts or Purchases

You may have received costly gifts or made costly purchases over the holidays. These items need to be added to your home insurance policy to protect them against theft or damage in an unforeseen disaster.

To learn more about how and when to upgrade your home insurance coverage, contact our Premier Insurance Advisors office in Hilton Head Island, SC.