The Importance of Updating Your Homeowners Insurance Policy

The Importance of Updating Your Homeowners Insurance PolicyFar too many homeowners make the mistake of failing to notify their insurance company when a major change occurs. Whether you have recently become an empty nester or just invited your niece to move in with you, it is imperative that you update your homeowners insurance policy whenever the occupancy of your home changes. This rule also applies when homeowners go on a prolonged vacation or vacate their vacation home for the winter. The last thing you want is for coverage to be refused when you need it most.

If you will be leaving your vacation home vacant for an extended period of time, it is imperative that you inform your homeowners’ insurance agent. Vacant homes are extremely vulnerable to a variety of common perils, as there is no one who regularly checks up on the property. For example, imagine the damage incurred if a pipe were to burst a week after you vacated the property and was not discovered until you returned the following spring. This is an unfortunately common situation that results in unpleasant consequences.

If you have just gained a new roommate, you will need to update your homeowners’ insurance policy accordingly. This will likely not result in a premium increase, rather, it will give your insurance provider a heads up that they will be insuring another individual in your home. Failure to inform your insurance provider may result in ghastly consequences such as drop in coverage altogether.

Contact the Misner Agency for all of your Sullivan & Orange County, New York homeowners’ insurance needs. Do not make the mistake of failing to update your policy and foregoing coverage when you need it most. Our friendly and experienced agents will guide you through the process of updating your homeowners’ insurance policy to ensure maximum protection.

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