Reasons to Update Your Home Insurance |
Reviewing your auto and home insurance on a regular basis is always a good idea, but it's really important when you move. When taking steps to buy a home, there are many factors that could affect your coverage. You might be surprised to find that updating your policy may even help you save money when moving by finding discounts in new insurance coverage. Here are some of the most common reasons to update your auto and home insurance when you move.Moving to a New Home Might Qualify You for Lower Auto and Home Insurance RatesDiscounts on auto insurance. You may be able to recoup some of your moving expenses by finding out if your insurance company can offer you better rates depending on changes in your new location. For example, your commute to work may be shorter or you may have a more secure parking space at your new office building. Both can reduce your premiums. Upgraded home security features. If your new place has security features such as fire alarms, fire sprinkler systems, burglar alarms, door and window security features, motion-sensor lights, or gated entries, you may qualify for discounts on your auto and home insurance policies. Also check if upgrades in heating, plumbing, and electrical systems in your new home will lower your rates. Upgrade Auto and Home Insurance to Cover New Conditions after a MoveFlood, earthquake, and hurricane insurance. Check to see if you're moving into an area that is susceptible to flood damage. Flood coverage is not included with regular homeowners' insurance and needs to be purchased separately, so make sure you're protected at your new address. Also, depending on what part of the country you'll be living in, check with your insurance agent to make sure you're covered in case of earthquake and hurricane damage. Home office. If you'll be setting up a home office and connecting Internet service and digital phones, you'll want to make sure your auto and home insurance policy covers all of your business equipment. Buying items for the new house. Will you be replacing your older furniture? Are you buying a new big screen digital television to enjoy at your new digs? If so, make sure your homeowners' policy adequately covers all of your possessions, old and new. Keep your original receipts on major purchases and take current photographs of entire rooms and valuable pieces. More Moving TipsYou'll find more articles on this website to help you with moving tips such as: how to save money when moving, tips on how to move cable service, moving internet service, moving phone service, staying connected during a move, keeping utilities connected during your move, and many more. |
