Your homeowners insurance needs may change from year to year, so it's not something you can purchase and forget about. Rather, you should review your policy occasionally and make changes as necessary. Below are some of the most important reasons to revisit your coverage with your insurance agent.

When Should You Review Your Homeowners Insurance Policy?

When You've Made a Large Purchase

Look over your personal property insurance limits whenever you make a large purchase. For instance, if you've bought a new baby grand piano or an expensive piece of jewelry, your existing policy may not provide adequate protection.

When You've Increased the Replacement Cost of Your Home

Your original homeowners insurance policy likely contains enough coverage to rebuild it if it should be demolished by a fire, storm or other disaster. However, if you've installed a room addition or otherwise increased its value, you may need to raise the payout limit to accommodate the increase. You may have to pay a bit more each month, but you'll have the peace of mind that comes from knowing you're fully protected.

When You've Installed an “Attractive Nuisance”

An attractive nuisance is something that attracts children and could potentially cause them harm. These include swimming pools, trampolines, and man-made ponds or fountains. If you've installed one of these recently, consider raising your liability insurance coverage to protect yourself in case curious neighbor kids come over, uninvited, to explore.

Annually

Even if you have not made significant changes, it is still a good idea to review your policy annually. Sit down with an experienced insurance agent who can help you decide if your current coverage is inadequate or overkill.

To keep your homeowners insurance policy as up-to-date as possible, contact BestRate Auto Insurance in Statesboro, GA, or at their second location in Vidalia, GA. They've been serving Bulloch County for years and offer service in both English and Spanish. They also specialize in renters, boat, and mobile home insurance, so keep that in mind during any discussion. Visit their website to connect with them online or call (912) 489-5942 to request a home or car insurance quote.