A home Insurance checklist for the new year
The New Year is beginning and it’s time to start making plans for 2017. Now that the holiday events are done with, you’ll want to start thinking about your insurance needs. You’re likely wondering if you’re going to finally get a break on your insurance this year. This is why it’s important to have a checklist to review annually when it comes to your insurance needs.
Here’s a home insurance checklist for 2017:
How’s your deductible?
Are you comfortable with your deductible? Most folks believe that insurance shouldn’t cover the small stuff. This is why they set their deductible pretty high so that they can spend less money on the actual insurance policy.
Do you have enough coverage?
Are you fully covered for the type of home that you have? For example, you want to know that you’re covered in the event that someone were to get injured while at your home. I know that it’s tempting to cut back on coverage to save a few bucks. However, the stress may not be worth it in the event that you do need to deal with a lawsuit.
Do you have the right coverage?
As important as it is to have enough coverage, you want to get the right coverage. You could save some money by eliminating coverage that you won’t need in your location.
How’s your foundation?
With the winter getting colder, you don’t want to be stuck with a poor foundation. It’s important that you go over this so that you don’t find ice creeping into your place. You also want to do an inspection around the home to ensure that everything’s looking good. You don’t want to see your heating bill rise because of a few cracks.
Did you make any changes to the home?
Did you finally get around to renovating the basement? Did you add a pool to the backyard? You're going to want to notify your insurance provider because this will change your policy.
Do you have a home inventory?
It’s important that you track the valuables in your home. You can start by making a list of your most prized and most expensive possessions. This will help you when it comes time to go over your insurance coverage. You want to be positive that your wedding ring is covered under the policy.
Are your alarms working?
You want to ensure that your alarms are working. You’re also going to want to test your security system if you have one. This could make an impact on your insurance costs.
That’s your home insurance checklist. It’s crucial that you go over your home insurance policy because your home is likely your most important asset.