One of the problems that people may face during a time of loss arises out of their policy not being current, resulting in an uncovered loss. When things change in your life, it may matter to your insurance company. Finding out something isn’t covered at the time of the loss is never a good thing, so keeping your policy up-to-date is critical to protect your assets.
If you had a change in your marital status, be sure to update your policy. If you move out of your home, either temporarily or permanently, a traditional Homeowners policy may not cover everything you need. If you make updates to your home (replace the roof, add on, remodel, etc.), you may need to increase your coverage or change how your property is covered. Changes to the heating source you use at your home or business can also affect coverage.
When in doubt, contact your licensed agent. Your insurance agent can assist you in determining what might require a policy change, what might require a separate policy, and what might mean you can remove coverage from other items. Insurance is a wonderful risk management tool, but as with any tool, it must be properly maintained to be effective.
This information is meant to be a broad overview and should not be the only source you consult for evaluating insurance coverage or purchase. The description of coverages and programs are purposely brief and are subject to specific policy provisions, limitations and exclusions that can only be expressed in the policy itself. For a complete explanation of coverages, please consult one of our licensed agents.