When to Check On Your Home Insurance Coverage
When was the last time you updated your home insurance policy? If you are like most homeowners in the Chicago, IL, area, it has probably been a while. This is a huge mistake. We have seen far too many individuals lose a lot of money and come to us for help at Arial Insurance Group. Some people don’t even know that they can update their home insurance coverage as they go, or when to do it. The following are three reasons you should update your home insurance policy.
1. Renovations
Anytime you update your kitchen, update your bathroom, or add something to your home, you should update your home insurance to reflect that alteration. Renovations increase the value of your home, so there is a chance you could end up underinsured if you don’t address this in your home insurance policy. The best idea is to consult with the insurer before you have the renovations done.
2. Your Mother-In-Law Moves In
If your mother-in-law, or anyone else, moves into your house, it could alter your liability for injury. Most home insurance policies include liability coverage for the people living in the household. If someone moves in, you could be underinsured. Conversely, you could lower your monthly premiums if one or two people move out of your house.
3. You’ve Got a Pet
Dogs are great, but they increase the likelihood that someone around your home could be injured. You are going to be liable if someone gets bitten by your dog while they are invited onto your property. Notify your home insurer anytime you get a new pet.
At Arial Insurance Group, we have been helping Chicago, IL, homeowners get the ideal insurance policy for their homes for years. Please get in touch with us today if you have any questions about your home insurance policy.
