If you have home insurance in Seguin, TX, you need to give your policy a second look so that you can ensure it covers your current financial needs. Otherwise, you could be paying for an insurance plan that doesn’t fit your lifestyle. At Allen Jones Insurance Agency, we usually advise our clients to update their home insurance policy every year. However, you don’t need to wait for a year to lapse when the below occurs. It would help if you informed your insurance agent immediately to update your policy.
Completing a remodel
Renovating your kitchen? Adding an extra room upstairs? These significant repairs may affect the rebuilding costs of your home, and that’s why you need to adjust your home insurance plan. While this might increase your premium by a few dollars, it’s well worth it because it protects you against significant losses.
Adding a swimming pool or trampoline
When you add the above, it increases the risk of your liability claims. Suppose a guest is injured while on your premises, you could be liable for the medical costs. Worse yet, you can easily slump into a financial mess if the victim sues you. The same also goes if you add a dog. Update your home insurance by increasing your liability coverage.
Changes in local construction costs
It would help if you insured your home against the “replacement cost value” instead of the “actual cash value.” So, when the cost of the building materials changes, update the insured value of your home. When your home is insured using the replacement cost value, you will get enough compensation to rebuild or repair your home without going back into your pocket.
Home insurance in Seguin, TX
Need to learn more about home insurance? Want to invest in home insurance? Please partner with Allen Jones Insurance Agency for all your home insurance needs.
