How Often Should I Have My Homeowners Policy Reviewed?

Reviewing your homeowners’ policy is a great way to make sure you have the coverage you need at all times. There are several times when performing a review of your policy is beneficial. Talk to one of the agents at Allegiance Insurance Agency if you feel that your policy may be out of date. Richardson, TX residents can get the answers they need whenever they have concerns about their coverage.

Review Any Time There Is a Change in Your Home or Inventory

If you have purchased new appliances, larger furniture groups, or have made extensive renovations, it’s a good idea to contact an agent and have them go over your policy with you. Adding any new items to your video and written inventory is also a must. Always contact your agent any time you purchase new, high-dollar items for your home.

Average Rule of Thumb

On average, the rule of thumb for re-evaluating an existing homeowners’ policy is between two and three years. This is an average time frame. Some agents prefer one year and others may recommend four to five years between evaluations if there have been no large purchases or renovations. Get to know your agent and find out what their preferences are. 

Agents who work for Allegiance Insurance Agency assist homeowners in Richardson, TX who need to have their insurance policy updated. A review of your homeowner’s insurance policy will show the strengths and weaknesses of your policy and what you can do to ensure you have the right amount of coverage. Talk to an agent today to determine if your policy has changed. They have the expertise you can rely on to make sure you have the perfect coverage for your needs.