Six Great Upgrades To Your Home & Why You Should Alert Your Agent

Six life changes that impact your home insurance in Collinsville, ILMany homeowners upgraded their homes in the last 18 months. Whether it was bringing a furry friend into your home, updating a kitchen or bathroom or adding additions like a swimming pool, trampoline or detached structures, these upgrades make living in your home more enjoyable. If you completed any of the following updates or additions to your home, contact us!

Kitchen or Bathrooms

If you have made significant upgrades to your kitchen, bathroom or other rooms in your house, you’ll want to share this with your insurance agent. Your current home insurance is based on the value of your home. When you make significant updates to your home, your home value will increase. In the event you have a home insurance claim, you want your home insurance to cover any losses. If you made significant updates to your home but failed to tell your insurance agent and experienced a home insurance claim, you may not be covered for what your home is actually worth.

Detached Structures

Similar to upgrading your kitchen, bathroom or adding square footage to your home, it impacts your home insurance policy. If you added a detached structure to your property, relay this information to your agent so we can update your home insurance policy.

Swimming Pool

Swimming pools do increase your liability and it is important your pool has all the safety precautions in place. Does your swimming pool have proper barriers or fencing around the pool? Most insurance carriers require a fence of at least four feet to be present around your pool. Do you have floatation devices for young children? Lastly, be sure to regularly inspect items used in or around your pool. For example, slides, diving boards or floatation devices.

Trampoline

Be sure to read your current home insurance policy before purchasing a trampoline. Home insurance coverage for trampolines vary both by state and insurance carrier with some not wanting to insure them at all. Talk to your insurance agent about coverage options if you are considering buying a trampoline.

Dog

A furry friend can be the perfect companion and a great addition to your home. It is important to tell your agent if you have a new dog in your home. Many insurance carriers do consider certain breeds higher risk and as a result, your home insurance policy premium may increase. Breeds such as Pit Bulls, Rottweilers, German Shepherds, Huskies, Doberman Pinschers, Akitas or Great Danes may not be insurable by all carriers. While we never want to assume your dog will ever injury someone, it is important to always be properly covered. If you do not report owning a dog to your insurance carrier and you have a claim against your dog, you risk not being covered.

Contact our agency if you have made any of the following changes to your home life. We will be sure to inform your insurance carrier to ensure your home insurance policy is up-to-date and you are properly covered.