Home insurance is an ongoing investment for most homeowners. That’s not just because most mortgage lenders require it, but because this type of protection safeguards the largest investment you likely have. Before you buy insurance, though, make sure you review the coverage you already have. Policies can, and often should, be adjusted each year.
At The Mitchell Agency LLC, we help you update your policy to match your current needs. For a free review of your home insurance in Alabama, give our team a call.
What to Think About Each Year
Before you renew your coverage for the coming year, take a closer look at what’s included and how well it matches your current risks and needs. There are several ways adjustments can help.
For example, consider the current amount of coverage you have. This should reflect the cost to rebuild your home in the event of a total loss, not its current market value, and it should account for labor and material costs. During periods of high inflation, you may need to increase your coverage to keep up.
Think about what’s inside your home as well. Have you added any new, high-value items? Items over $1,000 are often worth reporting to your insurance company for added protection. Have you welcomed a new pet that could create additional risk? Let your insurer know. Have you installed a new security system, a fire-resistant roof, or other safety features? That could qualify you for a discount.
Let Us Review Your Policy Today
At The Mitchell Agency LLC, we’ll review your policy with you and provide the hands-on support you need to make any modifications. If you need home insurance in Alabama, give us a call to review your needs.
