Your agent can give you recommendations on this topic. Some reasons include:
If you move, change phone numbers, change mortgagees or want to change any of the optional coverages on your policy.
If you change, remove or add wood heat of any kind.
If the named insured changes due to the death of an insured, a divorce, or marriage.
If the property becomes vacant.
If you have an owner occupied policy and the adults living on premises change.
If you move out of your home and allow somebody else to live in it.
If the value of your property changes significantly. It is your responsibility to make sure you carry enough coverage on your property. It is a good idea to have your home appraised periodically to be sure you carry enough coverage.
