It is generally considered that when home values rise, you should increase your homeowners insurance. Of course, you want to protect your most valuable investment. This issue has plagued homeowners and it is an issue that should be discussed with your insurance agent. When the value of a house increases significantly, you want to be sure that it is covered for the full amount. If you have purchased expensive works of art or furniture, these should also be inventoried with your homeowners insurance. Discussing periodic homeowners insurance reviews is something to do with a professional agent. Bogle Agency Insurance staff have many years of experience in answering questions about all types of insurance coverage.
Does a remodel mean you need more coverage?
Not every increase in the value of a house requires additional insurance. If the value of your home increases due to common market reasons, such as supply and demand, NJ homeowners insurance probably does not need to change.
However, if you have had to build a larger addition or have a kitchen or basement completely remodeled, this can affect the amount of insurance coverage you should have. Again, an issue that needs to be discussed with your agent.
OVERVIEW OF HOUSEHOLDERS PERIODIC INSURANCE
We all know that home values increase over time. To make sure your home is adequately protected with the right amount of homeowners insurance, talk to a professional insurance agent. Regular reviews of your homeowners' insurance coverage are a good idea, and agents at Bogle Agency Insurance have the experience and expertise to guide you. Our team in Bergen County is always available to evaluate your homeowners, car, business, umbrella and any insurance coverage you have. Our goal is to help you understand what you need and help you get it in the most affordable way. Call us at (201) 939-1076 for a consultation.