Did you know that you should update your homeowners insurance policy every time your building code changes?
Building codes tend to change often, and if your house (or investment property, commercial office property, etc.) is ten years old, chances are it doesn't meet the current codes. And with today's "green" building code updates, it's likely that your home won't meet the code even if it's just five years old.
All of this means that if something were to happen to your home, you would be required to bring it up to code when you repair it. Would your homeowners insurance cover that? If not, you'll be expected to pay for any shortages out-of-pocket.
If you have more questions about keeping your homeowners policy up-to-date or for more information on homeowners insurance, contact us today! We're Podmaska Insurance, an independent insurance agency based in Providence, Rhode Island.
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