Part of the responsibilities of owning a home is ensuring your home insurance policy is up to date. This means if you’ve made significant upgrades to your home if your personal property has increased or changed, or you’ve started a home-based business, you may need to increase your home insurance coverage. Homeowners’ insurance policies issued in Amarillo, TX usually group various types of coverage into one policy. Before taking out a new policy or making changes to your existing policy, you’ll want to consult with a licensed insurance agency like West Texas Insurance Agency.
Upgrades or Renovations
You probably need to increase your coverage if you’ve added additional space, outdoor features like a pool, and major upgrades like granite countertops. A pool, for instance, can create more opportunities for accidents or hazards. Additional space and upgrades translate to increased replacement costs in the event of a loss.
If you’ve added more personal property or are now storing certain types of property like the top of the line electronics or high-end items, you probably need to speak with your agent. It’s easy to accumulate new or upgraded belongings and forget about the costs to replace them. Don’t forget smaller changes like more expensive furniture, additional clothes, and jewelry.
It’s been years since you moved in, but now you’re operating a business from home. You may need to add coverage for assets designated for your business. It’s best to first speak to your agent about the nature of your business, the designated equipment, and whether clients are coming in and out of your home.
Need more information about home insurance policies that serve Amarillo, TX? Contact us at West Texas Insurance Agency today!