You may be tempted to forget about your homeowner’s policy, but there are situations when you will need to update your policy. At Riskbusters Insurance in Tennessee, we offer homeowner’s insurance.
Changes to Your Household
If someone moves into or out of your home, you’ll need to update your homeowner’s policy. This includes adopting a child, giving birth, or having an elderly family member move in. If your teen heads off to college, you should also update your policy.
Getting a Security System
You may qualify for a discount if you’ve recently installed a security system in your home. A security system reduces the risk to the insurance company because your home is less likely to be damaged or burglarized.
Improving Your Home
If you’ve renovated your home or added more square footage, you’ll need to contact your insurance company. When you make improvements to your home, it increases its value. It’s important to ensure that your home is properly valued and that you have enough coverage.
Changes to Assets
If you’ve recently bought an expensive asset, you will need to document this with the insurance company. You may need extra coverage to be adequately protected. If you’ve sold an asset, you must also update your policy. This includes jewelry, antiques, art, and other valuables.
Employment Changes
Your insurance company should also know if your employment situation changes. This is particularly important if you begin a home-based business. Most policies offer very limited protection for business equipment. However, you can add to your policy to ensure your equipment is adequately insured.
Homeowner’s Insurance with Riskbusters Insurance
If you need homeowner’s insurance in Tennessee, contact us at Riskbusters Insurance. Our friendly agents will discuss your needs and help you choose the best policy for your situation.
