You may not realize it, but your home insurance coverage amounts should be updated. Your home value and the price of goods that are used to repair and reconstruct a home are ever-changing. As such, it may cost more to fix or rebuild a home now than it did when you bought your policy, meaning you may need more coverage. If you are looking to increase your policy, you may be wondering what information you will need to have on hand as you call your insurance agent. Here are a few things to have on hand when you are updating a home insurance policy.
Your Policy Number
When you are attempting to make any changes to your policy, it is helpful to have your policy number. Of course, your policy can be looked up without this information, but it makes it a lot easier if you have it on hand.
A List of Renovations You Have Made
When you are making changes to your policy, always prepare a list of renovations you have made to your home since the last time your policy was updated. These renovations can affect the value of your home. So you want to make sure that you notate each one so your home is fully protected.
What Budget You Have for Your Policy
The last bit of information you need to have is what your budget is for your new policy. If you are increasing the policy limits, your premiums may increase. Consider a higher deductible if you do not want your premiums to rise.
Is it time for your to update your Sandy, UT home insurance policy? If so, it is time to contact Smart Way Insurance Agency. Our agency serves those in the Sandy, UT and surrounding areas. Call us today and let us help you get the insurance coverage you need to fully protect your financial interests.