Princeton Town Topics – Let’s Talk Real Estate – January 6, 2016
DO YOU HAVE ENOUGH HOMEOWNER’S INSURANCE?
No one would argue about the importance of having enough homeowners insurance to protect you, your loved ones and your assets in case of an unexpected event. But sadly, many homeowners are too lax when it comes to ensuring the coverage they have is adequate.
Especially if you’re planning on selling your home or if you’ve just moved in a little while ago, updating your policy may be the last thing on your mind. But if you’ve been making upgrades, like updating your bath or kitchen or making other improvements to the home’s structure or infrastructure, it’s very important to ensure your policy reflects those changes so you have the coverage you need if a loss occurs.
Many sellers get so wrapped up in the renovations leading up to a sale, they may forget to upgrade their insurance along the way – and that’s an oversight that can prove disastrous. The good news is, updating your insurance takes just a few minutes – usually, it can be done over the phone or online – and adding coverage can be surprisingly affordable. This New Year, make a commitment to update your policy so you can have the peace of mind that comes from knowing you, your loved ones and your home are adequately protected.
