WASHINGTON--(BUSINESS WIRE)--Home is where the heart is. It’s also the place where you eat, sleep and keep your family’s most valuable possessions. So why take a chance on a financial risk if your homeowners insurance isn’t up-to-date. The GEICO Insurance Agency offers five reasons why you should review your homeowners insurance policy.
- What’s new – Since you’ve last checked your homeowners policy, did you remodel your kitchen or add new appliances? These are big ticket items and you’ll want to make sure your current policy is covering everything. Take a photo or video inventory of your home and you’ll see how the costs add up. Try to make sure the product names and serial numbers are visible. Keep the inventory up-to-date should you ever need the details.
- Changes to your lifestyle – Believe it or not your life isn’t static and any small or large changes to your lifestyle may have an impact on your homeowner’s insurance. Adding a family dog, backyard pool or even starting a home business will mean making an adjustment to your policy coverages.
- Say it with me. LIABILITY – If someone is injured on your property and decides to sue, it could seriously set you back financially. Make sure you have the right amount of liability coverage protection for legal matters, injury claims or medical expenses.
- Special coverage protection – Special luxury items in your home may require special insurance coverage. Although most homeowners policies do contain some coverage for jewelry and fine art, it may not protect these items fully. The more information you have about your policy's standard exclusions and coverage limitations, the better prepared you will be to fully protect all of your home’s property.
For more information on homeowners insurance, please visit https://www.geico.com/information/aboutinsurance/homeowners/.