At D & E Insurance Agency, we want the home insurance you purchase from us to provide the ideal protection for your Muskogee, OK home. That’s why we recommend at least an annual home insurance review.
Home Improvements Signal a Need for Insurance Updates
A lot can change about your home during the course of one year. You might not even think about the things that you update or change. In the past year, did you replace any of the following:
- Windows and/or doors,
- Kitchen appliances,
- Utility room appliances?
If you answered yes, you made a change that increased the value of your home! Good job!
Of course, since you increased the value of your home, you need to increase the amount of coverage for your home. We can help with that.
Other changes in your home also signal a need for added coverage. If you convert your garage into a bedroom or office, or you build an addition, you need to add coverage to your home insurance.
When Your Home Value Increases, so Should Your Insurance Coverage
When you initially purchase your home insurance, your agent asks for the value of your home. Since you probably purchased it as a part of your home purchase, you know it, and your policy accurately covers your home. As time passes, the home you buy for $150,000 undergoes changes that improve it.
The new roof adds about $10,000 to your home’s value. The kitchen and utility updates typically add between $5,000 to $7,000 in value. Depending on how many windows you replaced, that adds thousands of dollars to your home’s value, too. It all adds up, and if you underwent a home appraisal, you’d probably find that your home after updates holds a value of $175,000 or more.
Updating your home insurance coverage ensures that your insurance would cover the cost of replacing your home as it was when something happened to damage or destroy it. Hazards such as fire or tornado can cause massive damage. Undergoing an annual policy review can help you keep your coverage up to date, so your insurance fully covers your home.
Contact Us Today
Contact D & E Insurance Agency, serving the greater Muskogee, OK community, for a home insurance policy review. Let us help you fully cover your home.