Smart homeowners will take time to review their homeowners insurance annually to see if their policy continues to meet their needs. Changes in your home or lifestyle could affect your home insurance in a positive or negative way. If you made major renovations to your home and they were never added to your old policy, you may have insufficient coverage to repair or replace these renovations if they suffer damage or loss. When in doubt, it’s best to contact an agent at Wellspring Insurance Network Inc. to discuss updates to your policy. Talking to an experienced insurance agent will alleviate any doubts you may have concerning the protection of your property.
There are various reasons why an increase in home insurance may be in order. Here are just a few:
Major renovations or additions to your Rockville, MD, home such as a new deck or kitchen remodel, need to be added to your current policy. Although these additions may increase your premium, they need insurance protection along with the rest of your home.
If home remodeling increases your home’s overall value, you may need to increase your policy limits to cover the extra cost. Otherwise, you may fall short of the coverage you need to cover repair costs if a winter blizzard causes extensive damage to your property.
A standard home insurance policy from Wellspring Insurance Network Inc. will protect your personal belongings. This coverage, however, may be insufficient to replace costly equipment or posh gifts received over the holidays if they are stolen or suffer loss. You may need to increase your coverage or obtain an endorsement to protect these items.
Talking to an agent at Wellspring Insurance Network Inc. will give you a better picture of your current insurance coverage and the updates needed to protect your Rockville, MD, home and family.