Your homeowners insurance plays a vital role in providing financial protection for your property and possessions. Regularly reviewing your insurance will help you ensure that you have adequate coverage. It could even help you find new discounts or eliminate unneeded coverage. Here are a few situations when you should review your policy.

Why Review Your Homeowners Insurance

1. Major Renovations

Remodeling your kitchen or bathroom can significantly enhance your quality of life — and your property value. Because these renovations impact the total value of your home, you will need to update your insurance policy so that it accounts for your home’s higher replacement value. This will ensure that you would have enough to rebuild with similar renovations in place if something happened to your house.

2. Updated Security Features

It seems that more home security features are available than ever before, from video doorbells to smart alarm systems. While such improvements can certainly give you peace of mind, they could also lower your insurance rates. Because these features reduce the risk of a break-in, your insurance provider will view your property as lower risk, and may lower your rates as a result.

3. New Possessions

Homeowners insurance also offers coverage to replace personal possessions that are lost by theft, fire, or other disasters. As you replace the contents of your house with higher-value items, it may be good to get an additional endorsement to your policy to cover these items. Keep in mind that some new possessions, such as firearms or trampolines, may also increase your rates due to liability concerns.

For homeowners insurance, auto insurance, and more, choose Saferoad Insurance in Long Beach, CA. Serving California residents since 2005, this independent insurance agency will help you find quality coverage at a price you can afford. To learn more about their services or to obtain an insurance quote, visit them online or call (562) 984-9445.