Most Overlooked Basics about Home Insurance

When thinking about building or purchasing your Littleton, CO home, homeowner’s insurance is something that should be at the back of your mind. When you buy home insurance from Front Range Insurance Services, it protects your dwelling and personal assets, provides liability protection and covers loss of use. While home insurance is an indispensable investment in your homeownership journey, here are the most overlooked basics about home insurance.

Ignoring these basics can land you in trouble when disaster strikes.  

Failing to review your home insurance plan

For many homeowners, what matters most is faithfully renewing their home insurance annually. While this is superb, there might be a problem when filing a claim. You will probably realize that your home insurance doesn’t cover certain aspects of your home that may have cropped up over the years.

As a rule of thumb, it’s pivotal to update your home insurance at least every year. Here are some triggers to help you know it’s time to review your home insurance. You should update your home insurance when you:

• Add a family member or pet
• Start a home-based business
• Undertake significant renovations
• Purchase or dispose of your assets

Failing to read your policy

Your policy document contains all the nitty-gritty of your home insurance coverage. Unfortunately, many policyholders are quick to sign the dotted line without understanding the details in the fine print. While we all don’t like reading the cliché terms and conditions label, your policy shouldn’t be a document to ignore. It can end up in tears when filing a claim when you find out that you aren’t covered.

Failing to update your inventory list

Most people undervalue their assets and, as such, don’t see the need to insure them. This might be catastrophic when disasters strike. If you want to see how valuable your assets are, conduct a room from room inventory count, and it will surprise you how much you own. 

Would you like more information about home insurance in Littleton, CO? Please contact Front Range Insurance Services. Our agents will be more than willing to answer any questions you might have.