Is it time for a Homeowners Insurance check-up?

By
Real Estate Agent with Diamond Partners Inc 00244377

I've been recently asked by my clients about home insurance and when they should update it, so I thought it might be a good idea to share some of my thoughts on this topic. What I always say is that it's smart to contact your insurance agent any time you make any update to your home or there are lifestyle changes.

 

Remember, the purpose of a homeowners insurance policy is to be sure you are covered for a catastrophic event that will effect your personal belongings, the structure of your home, the cost of living in temporary housing while repairs are made and to protect you from liability from others. 

 

Here are some triggers for existing homeowners who wonder if it's time to update their policy:

 

Did you renovate your kitchen or finish the basement? Any major improvements? 

Have you added a dog to the family mix? 

Have you started a home-based business?

Did you purchase additional valuables, a new flat screen TV or an expensive piece of jewelry? 


Have you rented out your home? 

 

Has your home value increased since you last checked in with your insurance agent? 


Things like these might exceed your current insurance, and if the worst happened to your home you might not be fully covered. That's why I personally keep a close relationship with my insurance agent, so I can do a quick check to make sure I'm always protected. It's also a good idea to get a bundle discount by combining car insurance and always get new quotes each year to be sure you're getting the best rates and coverage. 

 

Posted by

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Carol Culkin - REECENICHOLS REAL ESTATE

Carol Culkin - Licensed Real Estate Salesperson for ReeceNichols Real Estate, is your source for real estate in Overland Park and the bordering cities of Leawood, Olathe, Mission, Miriam, Lenexa and Shawnee, Stillwell and Spring Hill. Carol has been ranked as an award winning agent and offers her clients over 10 years of real estate experience.

PROFESSIONAL AFFILIATIONS, DESIGNATIONS AND COMMUNITY INVOLVEMENT:

Member of National Associations of Realtors®, Member of Kansas Associations of Realtors®, Member of Kansas City Regional Associations of Realtors®, Member of Heartland Multiple Listing Services, Accredited Buyer's Representative (ABR), Seniors Real Estate Specialist (SRES), Red Cross Volunteer - Greater Kansas City Chapter, Supportor of Cross-Lines Community Outreach.

 
 

ReeceNichols Real Estate

8001 College Blvd Suiite 100

Overland Park, KS 66210

Office: (913) 451-4415
Cell: (913) 333-8310
   
 http://www.overlandparkhomelocator.com/  
 

                                 

 

Comments (3)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

This is good advice, Carol. My experience is that most homeowners don't really ever review their coverages once they've purchased insurance.

Apr 07, 2021 05:04 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Carol! And thank you for the great points on reviewing one's homeowner's policy

Apr 07, 2021 07:39 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is good advice to share.

Take care, be safe and have a productive spring.

Apr 27, 2021 07:32 AM