So much can happen to your home over the course of a year. You may have made additions such as skylights and back decks that boosted your value, or maybe suffered a natural disaster that has affected your premiums and living quality. Whatever the reason may be, you may be currently realizing that the homeowner’s insurance policy you had a year ago is no longer the appropriate fit for you.

Doing in-depth research on home insurance is necessary to make sure that you don’t spend too much for coverage that you may not ultimately need, but you still don’t want to risk your home suffering the peril of under coverage. Lower-income households now place a much higher level of importance on a positive user experience, while higher-income households place greater value on an Insurance Company’s collective financial rating. Homeowners now need greater flexibility in both their coverage and how much they pay.

Important Elements to Consider While Exploring Your Options: 

Every homeowner should be thoroughly shopping around, comparing quotes, coverage offerings, and researching the long-term financial stability of their provider. A yearly checkup of your policy coverage can let you know what you need for coverage so you don’t end up without any at all. Here are some valuable tips that will ensure you are getting the most out of your homeowners insurance for 2022.

Closely Review Your Current Policy:

The number one goal of homeowners insurance is to help you rebuild or replace your home if it’s damaged. If you have chosen to undergo renovations or improvements last year that increased your home value, your limits should be closely looked over and increased to reflect the change. The final cost to completely rebuild should also consider the cost of all materials along with labor. You should also make sure that your home inventory list is updated so your limits are high enough to completely cover replacement costs. 

Look at Your Add-On Rider Coverage: 

If you happen to reside in an area where natural disasters are common, you may need extra coverage. Unless homeowners live in a designated flood zone, they are not required to possess flood insurance. But there has recently been a strange exception to the rule: over the past year, the majority of flood claims were from people that did not live in flood zones, and did not have coverage under homeowner’s insurance. 

Think About Combining Multiple Policies:

Homeowners insurance offers several add-on coverages like special jewelry and pet insurance so you can enjoy the benefit of not having multiple separate policies. One of the most important conversations we can have with you is figuring out what optional coverage is out there and figuring out what different types of riders could cut your monthly costs. Many homes have added a pet to their family, and this makes us happy as they are great at relieving stress and promoting well-being!

Missouri’s Penchant For Weatherproofing Prep: 

During cold, harsh winters, homeowners can suffer massive damage from ice and snow. Personal liability claims can frequently gain more attention during these months too, as it is the homeowner’s responsibility to effectively clear ice and snow from sidewalks and driveways. Sometimes when you first move in, small but important details like this can fall by the wayside.

Making Sure that Home Maintenance is Priority #1:

One of the most important aspects of owning a home is making sure you keep up on routine maintenance. Many issues could be much easier to fix if they were caught on time rather than accumulating into much more time-consuming problems later. Tasks such as putting wire mesh properly over vents and plugging up any holes in your house with steel wool can keep out pesky rodents that are always on the hunt to make your place their home. One of the most important things to note about homeowner’s insurance is that it does not cover inclement damage caused by insects or rodents, which can both slowly take their toll on your structure’s longevity.

Which Provider Will Ultimately Win Your Business?

You may have realized that a competitive price does not necessarily mean you will be satisfied with the customer service and your overall experience. The average cost for homeowners insurance will vary based on the state you live in and whether your home is categorized as rural or urban. If you have made a claim and were satisfied with the speed, accuracy, and due diligence, then it bodes well to stay with your current provider. 

Have you been looking for an insurance provider with better service, attention to detail, and understanding of what it takes to navigate your everyday life? Everyone here at Alexander Insurance is educated and ready to provide an experience that surpasses your expectations!