Why a Homeowner Insurance Review is Important

Have you reviewed your homeowners policy lately? The usual response is no. “Nearly a quarter of homeowners surveyed by Insurance.com in 2018 said they’d never read their policy.” Things never remain constant. Home renovations, rising building costs and changing housing codes are some of the reasons to check your policy. You want to be sure that you’re neither underinsured nor overpaying.  The dwelling protection of a homeowners policy, is the maximum amount of money you could receive to replace the structure of you home should it have to be completely rebuilt. Very often people who add on an addition, for example, fail to update their policy to reflect the higher replacement costs. The older your home is, the greater the chance that it doesn’t satisfy upgraded building codes. So you should add on building code coverage if you need to comply with the new requirements. Being properly insured and avoiding surprises are the benefits of a Homeowners Insurance Review.