If you purchased a home in the past few years, there’s a very good chance you’ve received the added benefit of year-over-year appreciation. While that’s wonderful for creating equity, it could be limiting if your premium is set on that base price. If you know the market has moved up since your purchase OR if you have made any significant improvements, now would be a great time to check with your insurance agent and ask if your insurance coverage is sufficient for your home.
As construction costs have gone up, it is great to have a current sense of the replacement of your home. If you would like a recommendation for a new insurance carrier, please let us know; we have many reputable companies we can refer you to. Please let us know if you have any questions and have a wonderful Memorial Day weekend!