If you are a homeowner, it would be insane to not have insurance. This is especially true if you have a mortgage. According to the data firm CoreLogic, three out of five homes in the United States aren’t insured up to their total value. Many of them are underinsured by 20%. This would be a disastrous thing to find out if your Ramseur, NC home is damaged in a fire, flood, or some other disaster.
The following are three recommendations from us at Allen Insurance Agency to help you insure your home to its full value.
Three Ways to Ensure Your Home is Insured Up to Its Value
1. Review Your Policy Regularly
Don’t just set it and forget it when it comes to your home insurance policy. Review your homeowner’s policy regularly with your insurance representative. Things change all the time when it comes to laws and the value of your home. You should especially check if you have updated your home in any way or if your mortgage changed.
2. Be Accurate
When you report the dimensions, layout, and different features in your home, be as clear and accurate as possible. You should also be accurate when reporting the valuables in your home as they are covered under most homeowner’s insurance policies. You may be tempted to underreport to keep your premiums low, but it will come back to haunt you in the long run.
3. Include Any Renovations
Whenever you renovate or remodel a portion of your home, report it to your insurer. This always improves the value of your home and the changes may not be covered if you don’t include it specifically in your premium. Whenever you add a deck, alter your bathroom, or finish your basement, tell your insurance company.
Schedule A Consultation Today
At Allen Insurance Agency, we are committed to providing complete homeowner’s insurance services to Ramseur, NC residents. Contact us today if you are concerned with your home’s level of coverage.
