Is it Time To Upgrade my Home Insurance?

The chances are that the Bismarck, ND home you built a couple of years ago looks so different today. To that end, just as you continue upgrading your home, so should your home insurance. The home insurance you purchased a while back could no longer be the policy you need now.

Remember, home insurance aims to protect your assets, including your family member’s liabilities. Therefore, reviewing your home insurance from time to time is crucial to avoid being over or underinsured. But how will I know my home insurance needs to be updated? Relax, at Kramer Agency, we’ve got your answer.

Here are the reasons why you should update your homeowner’s insurance.

Home improvement 

Home improvement or renovation can impact the value of your home significantly. Whether you’ve put on a new roof, renovated your kitchen, or added a bathroom, you must let your insurance agent know. You should update your policy to cover the replacement costs in the event of a claim.

Added personal contents

When purchasing your home insurance, you calculated the amount it would take to replace your personal belongings in case of loss or damage. You are likely to have added more items since then or replaced them with high-end furnishings. With this, your policy may not be enough to cover their replacement. It’s, therefore, important you update your home insurance.

Added safety prevention

Home surveillance systems and alarms are helpful to homeowners as they provide additional security. If you have added any of these components, you may be in for a pleasant surprise. Improving the safety components of your home may affect your premiums favorably.

Homeowners insurance in Bismarck, ND 

It’s always crucial to keep updating your homeowner’s insurance. A regular home insurance review could even land you some savings on premiums besides having the right amount of coverage. Ready for your insurance update or new home insurance? Call us at Kramer Agency for an affordable quote.