5 Signs It’s Time to Update Your Home Insurance

When you bought your home, you probably got a home insurance policy to protect it. But as life changes, so should your insurance. Your policy should offer the same great protection it did the day you moved in. Here are five times when you should think about updating your home insurance.

1. Home Renovation 🛠️

A home renovation can boost your home's value, so you might need extra coverage. After your remodel, chat with your insurance agent to update the replacement cost of your home. Your policy may also cover some renovation risks.

2. Just Married 💍

Getting married means more stuff in your house. Update your home inventory to include your partner’s belongings and talk to your agent about increasing your liability coverage. Adding your partner to your policy might also save you money with bundling options. Learn more about how marriage can affect insurance, here.

3. Big Ticket Items 🎮

Standard homeowner policies might not cover all your valuables like jewelry, electronics, and high-end furniture. These items can quickly exceed your policy limits. Take pictures of your valuables and keep the receipts handy. Call your insurance agent to discuss the best coverage options for your prized possessions.

4. Safety Devices 🚨

Installing deadbolts, security systems, fire extinguishers, and smoke alarms not only keeps you safe but can also get you discounts on your insurance. A security system, in particular, reduces the risk of break-ins, making it a win-win for you and your insurance company. 

5. Adopting a Pet 🐾

Before bringing a new pet home, give your agent a call. Some pets might affect your policy, and you don’t want any surprises. Home insurance often covers incidents like pet bites, but the coverage might be limited. Depending on the type of pet, your premium could go up, so it’s best to review your policy or talk to your agent. Find out more about how adopting a pet can affect your insurance.

Think It’s Time to Update?

If any of these situations sound familiar, it might be time to update your home insurance policy.

👉 Contact your Prepared agent to make sure your coverage keeps up with your life.