When should you review your home insurance

Chances are many things have changed since you originally purchased your home insurance policy. Some of those changes will affect the coverage of your home. It is always a good idea to review your coverage from time to time to make sure it still offers the amount of protection you require. If you live in Plymouth. MN you can count on Prokop Insurance Services Inc. to provide the experience and information you need to make an informed decision about your home insurance.

Your policy probably renews every year. For most people, this is the easiest time to review your home insurance policy. The front page is the declaration page. It is a snapshot of your policy. It tells you all the key coverage and the amount that you are covered for. It will never be easier to decide if they reflect the value of your home and what you own right now. If you have increased your assets, taking a good look at your liability coverage is important.

If you have done a major renovation, it increases the value of your home. Especially if it has added square footage, you need to make sure your insurance agent checks the replacement value. New kitchens and bathrooms or finishing a basement or attic are good examples.

If you have added a new pet, pool, or trampoline, you may need to increase your liability coverage since all of these things increase your risk.

Some things you do to your home may lower your premium. If you have replaced your roof, added a wired smoke detector system, or a home security system, it is important that you pass this information to your independent insurance agent.

Contact Prokop Insurance Services Inc. in Plymouth. MN when you need to review your current home insurance or get a new policy.