Updates You Might Want To Make To Your Home Insurance Policy Over Time

Homeowners often make the mistake of assuming that their home insurance is a static product that isn’t expected to change over time.

However, most homeowners experience some major changes while residing in a home that should be impacting their homeowner’s insurance coverage.

Being aware of updates you should be making to your policy over the years will help you to get the best possible coverage throughout the entire time you’re residing in your home. The following are five changes you might experience in your home that your home insurance provider should probably be aware of:

Completing an addition or renovating

An addition or home renovation is likely to increase the value of your home. If your home is worth more, your home insurance policy should be equipped to reimburse you for more in the event of property damage.

Protect your investment in home renovation by notifying your insurance company. Your insurance provider may want to send someone out to evaluate the renovations and make some adjustments to your coverage amount. 

Getting a pet

Home insurance is often affected by adding a canine or feline companion to the household. Homeowner’s insurance policies often include coverage for dog bite accidents and other pet accidents that could save you from having to pay enormous out-of-pocket medical expenses. 

Discuss how pet ownership could impact your insurance policy to stay on top of your liabilities. 

Purchasing expensive electronics or jewelry

Over the entire period during which you’re residing in your home, you’re likely to make some big purchases that could significantly increase the value of the possessions you keep in your home.

Home insurance usually offers coverage for property damage to or theft of possessions in a home. However, you won’t be reimbursed for these damages if there is no record of your having owned the lost possessions. 

Notify your insurance company of your most valuable possessions to make sure you’re being compensated for the full value of your possessions in the event of a burglary or natural disaster. 


As a retiree, you may be eligible for a significant discount on your homeowner’s insurance. While these discounts will vary by insurance provider, you should definitely look into the issue to see if you can save some money on your premiums. 

Buying another property

Any time you purchase another property, you should notify your home insurance provider. First of all, you should look into the possibility of insuring that property with the same insurance provider and getting a discount for having multiple policies.

Also, you should consider whether a different policy like a seasonal/vacation home policy is more appropriate for your original home after you’re purchased an additional property. Do some research and you may find that this type of policy offers the advantage of lower premiums. 

To learn more, visit a website like http://www.unitedsecurityagency.com