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.

A Safe Home Is Secured With Home Insurance

Home insurance is no longer a luxury but a necessity. Most mortgage institutions will not finance you unless you provide proof of coverage. Hilton Head Island, SC is known for its prestigious sporting events in the United States. It is also a destination for many people. The serene environment makes it ideal for homeownership which is why Premier Insurance Advisors proudly serves its residents.  

Building Structure 
Home insurance secures a home in many ways. Firstly, your home structure is susceptible to dangers from flood and vandalism. With a cover, you are assured that in the event of damages, you will be compensated. Moreover, other structures attached to your homes such as a garage and fence may also be included in the coverage.

Personal Items protection
A home is incomplete without furniture, electronics, HVAC, and private properties. Some of these items are not only expensive but also valuable. In case of fire or theft, it may take us a while to get back on our feet. With a home coverage, you are assured of compensation. Every item included in the coverage will be replaced.

Lawsuits and Medical Costs
When friends and relatives visit you, the excitement might be overwhelming. During this time, if an accident occurs, liability home insurance covers medical costs. Also, if your child accidentally breaks glass window of a neighbor, you may be sued and held liable. With a coverage, you don’t have to worry; both the legal fees and the amount awarded in court will be catered for.

Unexpected Additional living expenses  
Finally, let us be frank with each other. In case of fire, vandalism, or a break in, you may not be able to stay in your home for a few days. You may need to find a place to stay such as in a hotel. The unexpected living expenses increase, but if your home is covered, you will not be stressed out. 

For Hilton Head Island, SC residents, please get in touch with Premier Insurance Advisors for coverage. You can also use our online rating tool to obtain a quote for a home insurance policy.