Reviewing your home insurance is critical to avoid future housing problems.
Are you confident that your home is adequately insured? In recent weeks, I have received calls from clients who discovered they were either underinsured or not properly insured, leading to denied insurance claims. The recent increase in property values is one of the biggest reasons to review your insurance policy. If you bought a home before 2019, you might be relying on outdated values that won't cover the full cost of a potential claim. You want to make sure that your house is fully covered to avoid future headaches.
Additionally, it's important to have the right type of insurance. For example, if you've decided to keep your previous property as a rental, you'll need to switch your homeowner's policy to a landlord's policy. If you're renting out your property on a short-term basis, you'll also need short-term rental coverage.
Insurance companies may also place high deductibles on roof coverage or limit the amount they'll cover for a roof replacement. It's important to read your insurance policy and be aware of these critical details.
Having the proper coverage can make all the difference. Call or email me if you have any questions or need further guidance on this important topic. I’m happy to help.