2 Big Reasons to Raise Your Homeowners Insurance Coverage

Let Your Home be Fully CoveredQuality insurance coverage is something that every homeowner wants – and if this isn’t on your top list of priorities, it should be. Remember, comparing insurance coverage by cost isn’t the only thing you should be looking at when you’re shopping around. If you’re thinking about changing homeowners insurance providers, you might want to consider raising your level of coverage. Here’s why.

Rebuilding Costs are on the Rise
This is something to take into serious consideration when you’re determining your level of coverage. If a disaster were to strike tomorrow, would your current insurance policy pay enough to cover the price of rebuilding from the ground up? In a lot of cases, it won’t be. Always take into consideration the current cost of home replacement when you’re comparing insurance premiums, and not necessarily the market value of your home.

Remodeling Considerations
If you’ve done any sort of remodeling to your home, this is another reason to raise your level of home insurance coverage. Renovations can increase a home’s value dramatically, and should play into every decision you make about how much coverage to get if you’re changing homeowners insurance companies.

Always ensure that you strike a balance between quality insurance coverage and out of pocket costs. Just because you’ve landed a sweet deal on home insurance that’ll save you $50 per month doesn’t mean that you’ll be in good shape if the unthinkable should happen and you find yourself without a roof over your head.