Yes, insurance costs have gone up- a lot! But so have the costs of replacement and repairs. Make sure you have proper coverage.
You may live in the same house you did a few years ago, but that doesn’t mean your insurance policy should remain the same. Even if your home is relatively unchanged from when you first bought it, there’s a chance your original homeowners policy is out of date, which could mean you’re over- or underinsured.
Here are 4 scenarios in which you should update your insurance. (Some of them may surprise you.)
Home Renovations: Updating your kitchen or bathroom, adding a new guest suite and other renovations require updating your insurance policy. This will ensure your new features and materials are covered if they get damaged. your insurance to reflect that.
Safety and Security: Adding a security system or safety features like a video doorbell, motion-sensor lights.
Getting a Dog: A new pet can add more liability to your household. You should always update your homeowners insurance when adding a dog to the family.
Housing Market Shifts: As your local housing market heats up or cools down, your home’s value may change, and the replacement coverage you need could change with it.
Moving? That’s also a good time to update your homeowners insurance coverage.
If you are looking for a GREAT insurance broker to discuss your needs, please contact Julie Janowicz of DCI at 425-967-5302 or julie@dcigi.com
www.dcigi.com