If you’re a homeowner, you’ll agree that insurance is a necessity, but just having coverage isn’t enough. You need to ensure you have sufficient coverage at the right price. That’s why it’s so important to review your homeowners insurance in Alliance at least once a year.
But when you do, don’t just assume your current policy is your best – or only -option. Renewal periods provide the perfect opportunity to evaluate whether your coverage is sufficient, if you’re satisfied with your current provider, how you may be able to save on your premiums or how your coverage needs may have changed.
Consider these factors when reviewing your homeowner’s insurance in Alliance.
Price: The cost of premiums is rising as a result of an increase in claim severity, construction costs, and incidences of natural disasters. While there’s no rule for how much your homeowner’s insurance in Alliance should cost, considerations include the age, size, and location of the home together with your creditworthiness.
Customer Service: While adequate coverage and lower prices are important, you also want to be satisfied with customer service. If you’ve filed a claim, consider how efficiently it was handled and if you got the support you needed. If you haven’t filed any claims, it can be more difficult to determine the quality of the customer service.
Adequate Coverage: Of course, the most important thing is having sufficient coverage. There are four main coverages that homeowners insurance in Alliance include: personal property, additional living expenses, liability, and dwellings.
Reviewing your policy also gives you an opportunity to take an inventory of your possessions. A video inventory is a great way to record your assets.
Relationship: When you think about your agent, do you feel comfortable when interacting with them? Do they offer helpful resources, and can you get in touch with someone easily?
Policy Discounts: Consider paying off your mortgage or bundling policies. Sometimes, even just staying loyal to the same insurance company for an extended period of time can lead to savings. So be sure to ask if you qualify for any additional reductions.
Annual renewal is an important time to review your homeowner’s insurance in Alliance, but you should also review whenever you experience a major life change such as welcoming a new family member or starting a new job.
If you do decide to switch insurance policies or companies, make sure you act quickly. You want to obtain premium quotes at least a month before your current policy expires so there won’t be a gap in coverage.
How long has it been since you reviewed your policy? If it’s been more than a year, contact us today to schedule an appointment to go over the details. If you’re looking for new homeowners insurance in Alliance, call us today for a quote.