Update Your Homeowners Insurance This Spring

Document of Homeowners Insurance Policy for background

As you do your spring cleaning this year, you may want to give some thought to updating your homeowners insurance. Updating your insurance coverage with your agent is important for several reasons.

  • If you remodeled your home, your insurance policy needs to reflect the changes and upgrades that were made.
  • ┬áIf you have purchased expensive jewelry, artwork, or electronics in recent years, you may need extra insurance to cover those items in case of a burglary or fire.
  • Inflation can mean that replacing your personal belongings and rebuilding your home may be more expensive than you may anticipate if your home and belongings are damaged by a fire or storm. By meeting with an agent, you will ensure that you can be reimbursed for the replacement cost of your home and property if a tragedy occurs.

However, you may be uncertain about what your agent needs to know to update your insurance portfolio. Here are a few tips to help you inform your agent accurately. Remember, your agent’s estimate of the amount of insurance needed is only as accurate as the information that you give him.

  • You may want to bring a home inventory with you to your appointment. Your agent can look it over and make sure that you are adequately covered for losses. Spring cleaning is a great time to do a home inventory.
  • Remember to bring receipts for pricey items purchased. Your agent is not an art dealer; nor is he an expert on collectibles. Additionally, he may need a copy of receipts for your portfolio.
  • Don’t forget inheritances and gifts! If you recently received a valuable item from a loved one, you may want to have it appraised so that you can protect it with the right insurance. Your agent can probably recommend a reliable appraiser for you.

If you need information about insurance in the Apple Valley, Minnesota area, contact Mayer Insurance today!