At L & S Agency Inc. in Buffalo, NY, part of our service is reviewing your home policy with you every year. It is an important part of our service to make sure our customers have the insurance coverage that they need.
When your policy renews
Home insurance policies renew yearly. When your policy comes to you about a month before it is due, the top page is called the declaration page. It is a synopsis of the coverage you have. You can check the amount of property coverage, the type of content coverage you have, any enforcement you have added, and any discounts you are receiving.
You should check the type of content coverage you have. If you have actual value, it will take depreciation into account, and you will get much less than if you have replacement cost.
If you have bought or received any expensive items
Your content coverage for jewelry is limited to $2,000. If you have jewelry worth more than that, you need to add an endorsement to your policy and get appraisals of your jewelry. This will protect your property. This also applies to antiques or electronics.
You’ve added structures to your yard
Have you added the long-awaited deck, the swimming pool of your dream, a gazebo, or a shed? All of these increase the value of your home, and you need to inform your insurance carrier.
Smart home safety updates
Your insurance company likes nothing better than knowing that you are adding smart safety devices to your home. Have you installed a smart home security system? Put in a Ring doorbell camera? These can make you eligible for a safe home discount, which can bring your premium down significantly.
We Can Help!
Contact L & S Agency Inc. in Buffalo, NY for all your home insurance needs. Give us a call today.