Happy New Year to all of our clients and friends. We want to wish you a happy, healthy, and prosperous 2019. It’s been almost 15 years that we’ve been serving clients, and we’re very pleased and thankful for your support. We hope you and your family have a terrific 2019.
Posted by Stan Jones on Sunday, December 16, 2018 at 4:04 PMBy Stan Jones / December 16, 2018Comment
Get a Review of Your Homeowners Insurance Coverage Annually.
Because you may have coverage shortages.
Your Rates may have increased.
There may be better plans this year.
TIPS FOR TALKING WITH YOUR INSURANCE AGENT
Despite what you might think, though, an insurance review doesn't have to be an involved, time-consuming endeavor. A single conversation or a visit with your agent can help make sure that you're knowledgeable about your coverage and comfortable that your limits are meeting your current needs.
Here are some ideas on what you might want to discuss:
"Does my policy provide enough coverage to rebuild my home today?" Many homeowners are surprised to learn that their policy is outdated and does not provide sufficient coverage to rebuild their existing home. Changes in construction costs (they can vary from year to year), upgrades to a kitchen or bathroom, new kitchen appliances, or updates to a basement can all affect the cost to repair or rebuild your home. For example, new finishes in your kitchen can change your existing kitchen from "standard" to one that's considered "semi-custom" or "custom." Since insurance companies replace lost items with "like kind and quality," it is important to estimate the full cost of replacing finishes, appliances, electrical systems and plumbing systems in determining your coverage.
"How does a newly finished basement affect my policy?" A finished basement may not only increase the cost to rebuild your home, but it may also require additional coverage to protect...