Insurance for your home and property is not something you purchase and then forget about. From time to time, it makes sense to review the scope of coverage and make sure it’s still a good fit for your needs. Do you need some incentive to take a fresh look at your homeowners insurance in Jacksonville? Consider these three reasons for doing so.
You’ve Added More Rooms
Improvements to the home are definitely reasons to take a second look at your coverage. The goal is to ensure there are enough benefits to cover the entire cost of replacement in case the home is destroyed by a covered event. Remember that you want to focus on replacement costs, not the currently appraised value. Doing so will make it easier to rebuild if the need arises.
You’ve Made Changes to the Property
Changes to the property are also a good reason to review your homeowners insurance in Jacksonville. Maybe you added a new lawn sprinkler system, installed an in-ground pool, or added a privacy fence. All of those will affect the value of the property and the cost of replacement. If your current plan does not provide the benefits needed to replace those additions, it’s time to make some changes.
You Start a Home Business
Think of what starting your own home business entails. You purchase office equipment, furniture to convert a bedroom into a home office, and likely keep proprietary data on the premises. Does your current homeowners insurance in Jacksonville include coverage for the furnishings and the equipment? If not, you need to update the policy.
What’s changed in and around your home? Is your coverage still sufficient? The only way to know for sure is to take a good look at the policy terms and conditions. If anything is lacking, now is the time to make some changes. All it takes is one covered event to make the effort worth it.
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