You may think that once you have homeowner’s insurance, you don’t need to change your policy. However, there are situations when it’s important to update your policy. At MultiSurance in New Orleans, LA, we offer homeowners insurance.
Changes to Your Household
You should let your insurance company know if someone moves in or out of your household. Perhaps you’ve given birth or adopted a child. Maybe your child is ready to leave home and live on their own. Anytime the number of people in your home changes, you’ll need to update your policy.
Buying or Selling a Valuable Asset
If you’ve recently purchased a diamond ring or sold a valuable antique, you’ll need to contact your insurance company. Generally, you’ll need to tell them if you have a high-value item within the home. This ensures that the item is adequately covered.
Changes to the Value of Your Home
If you’ve recently renovated your home or increased its square footage, you will need to update your policy. This increases the value of your home, and you’ll want to be sure you are adequately covered.
If the value of your home changes due to fluctuating real estate values in the area, you should also update your policy.
Adding Security
If you install a security system, you should let your insurer know. Security systems decrease the risk of theft and vandalism, which means less risk for you and the insurance company. This may decrease your premium.
Changes to Your Work Status
This is particularly important if you begin working from home. Most policies provide very limited coverage for business equipment. However, you can increase your coverage with a new policy or a Ryder.
Homeowner’s Insurance at MultiSurance
If you need homeowner’s insurance in New Orleans, LA, contact MultiSurance. Our experienced agents can help you choose a policy that meets your family’s needs.
