Homes are central to many of the most important events happening in people’s lives. It is also one of the biggest purchases most people ever make. Protecting this major investment is vital to financial security. Home insurance is the way the building and contents are protected against the many things that can go wrong and damage your home. At Kevin Dennis Insurance Agency in Mishawaka, IN, we have more than 40 years of combined experience and we pledge to provide our customers with quality service and affordable prices.
Ideally, when you receive your home insurance renewal you take the time to review your declaration. This tells you the amount of your coverage, the deductibles, and any endorsements you may have. Look at your liability coverage, replacement home value, and content coverage to determine that it makes sense.
When your wealth increases
A traditional home policy has lower liability coverage than perhaps you are comfortable with. As you gain more equity in your home and accumulate more possession, your wealth increases. The more you have, the more attractive a target you are. You should evaluate your liability coverage to make sure it reflects your net worth. As part of your increased wealth, consider the amount you will get to replace content. Does it make sense with what your own? Have you acquired some expensive jewelry, art, or electronics needing additional coverage?
When you make improvements
Every improvement you make adds some value to your home. A security system, hard-wired smoke detectors, and a new roof are all things that may lower your premium. Adding additional space, finishing a basement, or updating a kitchen or bath increase the value of your home, and therefore additional coverage is something to consider.
Contact Kevin Dennis Insurance Agency in Mishawaka, IN for all your insurance needs.