Policyholders often believe that once they purchase home insurance, they won’t need to recheck it. However, that isn’t true. Checking insurance regularly can save you from a disastrous outcome and prevent you from becoming uninsured. Here at Murvay Insurance in Newport Beach, CA, we do our best to help provide clients with home insurance that fits their needs. Below, we’ll give you an idea of why reviewing your plan is essential.

Updating Policies to Reflect Home Renovations and Changes

Properties will often come under changes over your time living there. Additionally, rooms may be added while porches or decks are installed. In addition, many people expand the kitchen or bathrooms to help make life more comfortable.

The problem is that by doing so, you risk becoming uninsured. Changes made to the home may disqualify you from specific policies. So, it’s best to double-check your home insurance regularly. We recommend reviewing it at least once annually.

In addition, people moving in or out of your home may require that you change your policy limits. Whether you’re getting a roommate or the kids move out, the amount of property in your home changes. Extra adjustments will need to be made to cover the change in property.

Knowing Changes to the Home Insurance Policy

While less common, insurance may change the policy during renewal. You don’t want to assume that the policy is the same. So, it’s essential to know what changes are being made. Carefully reviewing your policy can help ensure you’ve got the right home insurance.

Helps Policyholders Know When to Get Extra Support

If policy changes occur, knowing what coverage you need to add to your plan is good. Adjustments such as adding earthquake or umbrella policies can be helpful if your annual insurance changes.

The Bottom Line

Knowing everything listed on your home insurance is vital to feeling your best. You don’t want to be caught off guard in the case of an accident. That’s why agents at Murvay Insurance in Newport Beach, CA, can help. We will ensure you get the best policy if you contact us today.