Home insurance is essential for protecting your most valuable asset: your home. But it’s not something you should set and forget. Your coverage should evolve with your life, especially when your home or possessions change significantly. At Morin Insurance, our team is here to ensure your home has the protection it needs. If it’s time to update your New Hampshire home insurance, we’re ready to help you.
Do you need to reassess your New Hampshire home insurance? Here are three circumstances that warrant a second look at your policy.
After a Major Renovation
If you’ve remodeled your kitchen, added a bathroom, finished your basement, or expanded your living space, congratulations! But did you let your insurance provider know? Renovations can significantly increase the value of your home and affect the cost of repairing or rebuilding it. If your current policy doesn’t account for those updates, you could find yourself underinsured in the event of a disaster. Always update your coverage after big home improvements to ensure you’re properly protected.
When You Acquire High-Value Items
Did you buy expensive electronics, a piece of art, or receive an expensive gift? Many homeowners don’t realize that standard home insurance policies have limits on certain high-value items like jewelry, electronics, and collectibles. If you’ve acquired anything valuable, it’s worth checking whether your current policy covers it, or if you need to add a scheduled personal property endorsement or increase your limits. Otherwise, you could be stuck covering the loss out of pocket.
Change in Occupancy or Usage
Has your home’s use changed? Maybe you’ve started renting out a room, expanded your family, or launched a business from your home office. These changes introduce new risks, and your standard homeowners policy may not cover them. Renting out part of your home, for example, could require landlord insurance, while a home-based business may need a separate policy or rider.
Update Your New Hampshire Home Insurance with the Morin Agency
If you’ve made significant changes to your home, it’s time to update your insurance policy. Even if you’re not currently a client of the Morin Insurance Agency, our team will help you review your policy and craft a new one that better protects your home, family, and assets.
