You repainted the kitchen, finished the basement, and added a deck out back. Your home looks better than ever! But here’s the question most homeowners never think to ask: does your insurance know about any of that?
Homeowners insurance should reflect the investments you’ve made into your home — not what you originally paid for it. That number can change significantly over time, and if your coverage hasn’t kept up, you could be carrying a gap you don’t know about.
A few things that quietly change your coverage picture:
Home Improvements
A finished basement, an addition, or a full kitchen remodel all add value to your home property — and rebuild cost. If you’ve invested in your home without updating your coverage limits, you may be underinsured on the very improvements you worked hard to make.
Rising Construction Costs
Even if your home itself hasn’t changed, what it costs to rebuild it has. Materials, labor, and supply chain pressures have pushed rebuild costs significantly higher over the past several years. Your policy limits should reflect today’s costs, not the ones from five years ago.
New Belongings
Big purchases — furniture, electronics, appliances — add up. Your personal property coverage should reflect what you actually own today, to ensure every element of your personal property is covered.
The fix is simpler than most people think. An annual review with your agent is recommended for all insurance coverage, and the process takes less time than most realize. This is the best way to make sure your coverage still matches your home — not a version of it from years ago.
At Mark Weedin Insurance, we make those reviews easy. Give us a call and we’ll take a fresh look together.
